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Property profile & analytics
OFF-MARKET
Turn key restaurants

19 Lafayette St Waterbury, CT 06708-3801

2,780 SF 0.24 ac lot Built 1962
Entity Owned 2-yr Hold Free & Clear
Property ID
US15-0233153
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Eyerecycle Prop LLC · 2 yrs held
Eyerecycle Prop LLC
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
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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