485 Watertown Ave Waterbury, CT 06708
- Commercial land
- 0.28 lot acres
Current Use by Public Records
- Commercial land
Property Details for 485 Watertown Ave
- Lot size
- 0.28 lot acres
- Zone code
- CA
- Property type
- Commercial land
- APN
- WBRY M:0213 B:0705 L:0001
- APU
- WBRYM0213B0705L0001
Description
This exceptional 5,200 square foot shopping center, located at 485 & 497 Watertown Avenue in Waterbury, Connecticut, presents a lucrative investment opportunity. Built in 2009, the property boasts 100% occupancy across its multi-tenant retail and office spaces. Situated on a 0.73-acre lot, the center is zoned CA and benefits from its prime location in New Haven County, zip code 06708. The property's strong performance is reflected in its current asking price of $1,100,000. The building's recent construction ensures modern amenities and efficient layouts, appealing to a diverse range of tenants. With a total square footage of 5,200 square feet, the center offers ample space for various business needs. The property's strong occupancy rate indicates a stable income stream, further enhanced by the relatively low property taxes of $4.72 per square foot. This well-maintained and highly sought-after shopping center represents a compelling investment opportunity for discerning buyers seeking a stable and profitable addition to their portfolio. The property's strategic location in a thriving area of Waterbury ensures continued high demand and potential for future growth. This is a rare chance to acquire a fully occupied, high-performing commercial property in a desirable Connecticut market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Waterbury
- County
- New Haven
- State
- Connecticut
- Longitude
- -73.0604
- Latitude
- 41.566
- CBSA code
- 35300
- CBSA name
- NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA
