1684 Thomaston AveWaterbury, CT 06704

Property Details for 1684 Thomaston Ave

Year built

1955

Lot size

0.29 AC

Property size (Sq ft)

8,589 SF

Zone code

CG

Property type

Retail properties

Property subtype

Parking lots & garages

APN

WBRY M:0074 B:0994 L:0047

APU

WBRYM0074B0994L0047

Description

This exceptional commercial property, located at 1684 Thomaston Avenue in Waterbury, Connecticut, presents a unique investment opportunity. Boasting a substantial 8,589 square feet of space, this two-story building is situated on a 0.3-acre lot and offers versatile usage options. Currently zoned CG - Auto, the property is ideal for a variety of businesses, including storefront retail, an auto shop, executive offices, or a garage/parking facility. Built in 1955, the building features high ceilings, measuring 13 feet, providing ample space and flexibility for various layouts and configurations. The asking price is $850,000, translating to a price per square foot of $98.96. This property's location in Waterbury, New Haven County, Connecticut (zip code 06704) offers excellent access to major transportation routes and a thriving local market. The property also has a second address listed: 1663 E Main St, Stockton, CA 95205. However, the primary focus of this listing is the Waterbury, CT location. This is a rare opportunity to acquire a substantial commercial property with significant potential for growth and return on investment. The property's diverse zoning and spacious layout make it an attractive option for a wide range of commercial enterprises. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $2,087,427

  6.5%

  $1,926,856

  7%

  $1,789,223

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,828,042

  Geo Method

  $2,828,042

• Alternative Use

  Use

  Valuation

  Residential

  $1,625,375

  Hospitality

  $1,488,834

  Educational

  $1,238,693

  Medical

  $1,281,293

  Retail

  $1,926,856

Location Insight

City

Waterbury

County

New Haven

State

Connecticut

Latitude

41.5908

Longitude

-73.0526

CBSA code

35300

CBSA name

NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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