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Property profile & analytics
FOR SALE
Medical Office Space

18 Brown St Waterbury, CT 06702

5,751 SF 0.18 ac lot Built 1950
Individually Owned 12-yr Hold Free & Clear
Property ID
US15-0383457
Property summary
AI-generated overview

This exceptional 5,751 square foot commercial property, situated on a 0.18-acre lot at 18 Brown Street in Waterbury, CT, presents a unique investment opportunity in the city's Central Business District. The building offers a versatile layout ideal for a variety of uses. The upper unit is currently set up as office space, boasting a reception area, administrative offices, three to four additional private offices, and a bathroom. Recent improvements include the installation of a convenient ramp for accessibility. The lower unit provides a large, open space perfect for customization. This area could be easily divided to accommodate multiple tenants or expanded uses. It features its own separate outside access and a loading dock, making it particularly suitable for businesses requiring storage or delivery capabilities. Both units benefit from separate utility meters, offering efficient cost management. The property also includes off-street parking, a valuable asset in a bustling downtown location. This property's prime location and flexible space make it an excellent choice for contractors, retailers, or office users seeking a prominent Waterbury address. The asking price is $300,000. Don't miss this chance to acquire a versatile and well-located commercial property in a thriving urban center.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1950
Total area 5,751 SF
Lot 0.18 ac (7,841 SF)
Zoning code CBD
APN WBRY M:0275 B:0069 L:0621
UPID US15-0383457
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Anthony Massaro · 12 yrs held
Anthony Massaro
since 2014
1 recorded transaction
2014
Price N/A
Zoning & alternative use
CBD · Waterbury, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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