195 Freight St Waterbury, CT 06702
- Showrooms
- 33,010 SF
- 1.82 lot acres
Current Use by Public Records
- Waterbury Portable Toilet Hire / Portable Toilet Supplier
- Soirée Nightclub / Night Club
- Elite 23 Social Club / Social Club
Property Details for 195 Freight St
- Year built
- 1948
- Lot size
- 1.82 lot acres
- Property size
- 33,010 SF
- Zone code
- CBD
- Property type
- Showrooms
- APN
- WBRY M:0293 B:0018 L:0121
- APU
- WBRYM0293B0018L0121
Description
This exceptional 34,200-square-foot former warehouse presents a compelling redevelopment opportunity in the heart of downtown Waterbury, CT. Situated on a 1.82-acre lot in the Central Business District (CBD), this property offers significant potential for a variety of uses, including retail, dining, multifamily residential, medical facilities, office space, educational institutions, daycare centers, and fitness centers. The property's strategic location offers unparalleled access to transportation, being just a quarter-mile from the I-84 and Route 8 interchange and a two-minute walk from the Metro North Train Station. Further enhancing its appeal, the property benefits from its proximity to a planned 20-acre mixed-use development emphasizing a "Work, Live, Play" theme, and is located on newly paved Jackson Street. A nearby bicycle path adds to the area's growing appeal. The property currently features two leasable units: a 12,200-square-foot space with 21-foot ceilings and a loading dock, available for $6 per square foot triple net
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $650,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $795,000
- 6.5%
- $785,000
- 7%
- $730,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $670,000
- Geo Method
- $680,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $815,000
- Retail
- $690,000
- Mixed-Use
- $805,000
- Hospitality
- $750,000
- Educational
- $660,000
- Residential Income
- $765,000
- Energy
- $740,000
- Income-Based Land
- $835,000
- Food Service
- $755,000
Location Insight
- Map
- Local Demand
- City
- Waterbury
- County
- New Haven
- State
- Connecticut
- Longitude
- -73.0493
- Latitude
- 41.5531
- CBSA code
- 35300
- CBSA name
- NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA
