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Property profile

1684 Thomaston Ave Waterbury, CT 06704

OFF-MARKET
Parking lots & garages
Property ID
US15-0987956
8,589 SF 0.29 ac lot Built 1955
Entity Owned 2-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Parking lots & garages
Use group PARKING GARAGE, PARKING STRUCTURE
Year built 1955
Total area 8,589 SF
Lot 0.29 ac (12,632 SF)
Zoning code CG
APN WBRY M:0074 B:0994 L:0047
UPID US15-0987956

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1684 Thomaston Ave Waterbury, CT 06704
Waterbury metro Census 352300 NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$570k
CAP Approach CAP
by Request
Comparable Approach Comparable
$496k
Blend (final) Blend
$570k

Owner & transaction history

since 2024
Last sale
$570,000
1 recorded transaction
2024
$570,000

Zoning & alternative use

CG · Waterbury, CT
Zoning description

The intent of this zone is to promote general commercial district uses

General category COMMERCIAL
Top alternative use upside
Apartment house (5+ units) $845,000 +60.2%
Auto repair, garage $780,000 +47.4%
Office building $700,000 +32.3%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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