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Property profile & analytics
FOR SALE
Showrooms

195 Freight St Waterbury, CT 06702

33,010 SF 1.82 ac lot Built 1948
Entity Owned 9-yr Hold Free & Clear
Property ID
US15-0857145
Property summary
AI-generated overview

This exceptional 34,200-square-foot former warehouse presents a compelling redevelopment opportunity in the heart of downtown Waterbury, CT. Situated on a 1.82-acre lot in the Central Business District (CBD), this property offers significant potential for a variety of uses, including retail, dining, multifamily residential, medical facilities, office space, educational institutions, daycare centers, and fitness centers. The property's strategic location offers unparalleled access to transportation, being just a quarter-mile from the I-84 and Route 8 interchange and a two-minute walk from the Metro North Train Station. Further enhancing its appeal, the property benefits from its proximity to a planned 20-acre mixed-use development emphasizing a "Work, Live, Play" theme, and is located on newly paved Jackson Street. A nearby bicycle path adds to the area's growing appeal. The property currently features two leasable units: a 12,200-square-foot space with 21-foot ceilings and a loading dock, available for $6 per square foot triple net

Property profile
Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1948
Total area 33,010 SF
Lot 1.82 ac (79,279 SF)
Zoning code CBD
APN WBRY M:0293 B:0018 L:0121
UPID US15-0857145
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
Current use
Occupant on record · Public records
  • Waterbury Portable Toilet Hire Building Supply
  • Soirée Nightclub Nightclub DJ & Entertainment
  • Elite 23 Social Club Community Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$650k
CAP Approach CAP
by Request
Comparable Approach Comparable
$797k
Blend (final) Blend
$780k
Owner & transaction history
Davis Ave Greenwich LLC · 9 yrs held
Davis Ave Greenwich LLC
since 2017
2 recorded transactions
2022
Price N/A
2017
Price N/A
Zoning & alternative use
CBD · Waterbury, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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