1525 Hamilton Ave Waterbury, CT 06706-2461

Property Details for 1525 Hamilton Ave

Year built

1972

Lot size

1.54 lot acres

Property size

8,800 SF

Zone code

RS

Property type

Office buildings

APN

WBRY M:0487 B:0488 L:0141

APU

WBRYM0487B0488L0141

Description

This exceptional investment opportunity presents a multi-tenant executive office building situated on a sizable 1.54-acre lot in Waterbury, Connecticut. The property, located at 1525 Hamilton Avenue, boasts a substantial 9,794 square feet of office space, currently generating a significant net operating income (NOI) of $56,174. The building, constructed in 1972, is zoned RS and offers a compelling cap rate of 7.49%. The asking price is $750,000, translating to a price per square foot of $76.58. Financial projections indicate a total scheduled annual income of $88,179 and total annual expenses of $32,005. This presents a strong return on investment for a discerning buyer. The property's prime location in Waterbury, within New Haven County, and its substantial lot size make it an attractive proposition for both investors and owner-occupiers seeking a well-established executive office space. The building's multi-tenant structure provides diversification and potential for future income growth. This is a rare opportunity to acquire a well-performing commercial property in a desirable Connecticut location. The property's strong financial performance and substantial lot size offer significant upside potential. Serious inquiries are encouraged.

Location Insight

City

Waterbury

County

New Haven

State

Connecticut

Longitude

-73.0066

Latitude

41.5314

CBSA code

35300

CBSA name

NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments