Technical
Financial
Distress signals
Property profile

19 Lafayette St Waterbury, CT 06708

OFF-MARKET
Turn key restaurants
Property ID
US15-0233153
2,780 SF 0.24 ac lot Built 1962
Entity Owned 2-yr Hold Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 2,780-square-foot commercial property, situated at 19 Lafayette Street in Waterbury, Connecticut, presents a unique investment opportunity. Built in 1962 and renovated in 19XX, this single-story building sits on a 0.24-acre lot with 189 feet of frontage on Lafayette Street and convenient access to Washington Street. Currently vacant, the space offers immense flexibility due to its IG Industrial General zoning. Previously utilized as a restaurant and event venue, the property boasts attractive features including ceramic tile floors, granite countertops, a walk-in cooler, and a sprinkler system. Some existing kitchen equipment remains. The building comprises two suites totaling 2,780 square feet, with a 2,400-square-foot finished basement featuring its own entrance. The asking rent is $6,500 per month ($5,500 for the main space and $1,000 for the basement). The property benefits from a single gas and electric service. Permitted uses are extensive and include, but are not limited to, food processing and sales, adult establishments, automobile and marine craft trades, business and trade schools, manufacturing and processing, industrial services, warehousing and freight handling, wholesale trade, e-commerce fulfillment and distribution, and wireless communication facilities. Special permits may allow for uses such as limited vehicle service facilities, eating and drinking establishments, entertainment, recreation, surface parking lots, hazardous industrial operations, vehicle service facilities, medical offices, office use, recreation uses, daycare, and large venue event facilities. Detailed zoning information is available through Waterbury Zoning Regulations. This property is located in the New Haven County submarket cluster of Waterbury, with the zip code 06708.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1962
Total area 2,780 SF
Lot 0.24 ac (10,454 SF)
Zoning code IG
APN WBRY M:0391 B:0322 L:0013
UPID US15-0233153

Cap rate & NOI

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

Location

19 Lafayette St Waterbury, CT 06708-3801
Waterbury metro Census 351900 NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$340k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$340k

Owner & transaction history

since 2024
Last sale
$340,000
7 recorded transactions
2024
$340,000
2023
$205,000
2013
Price N/A
1993
$120,000
1988
$86,000
1988
$154,500
1987
$160,000

Zoning & alternative use

IG · Waterbury, CT
Zoning description

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

General category INDUSTRIAL

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 19 Lafayette St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message