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Property profile & analytics
OFF-MARKET
Super regional malls

2523 Main St Waterbury, CT 06705-2836

3,400 SF 0.3 ac lot Built 1989
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US15-0548766
Property summary
AI-generated overview

This exceptional investment opportunity presents a 3,400 square foot commercial building situated on a 0.3-acre lot at 2523 E Main Street in Waterbury, Connecticut. The property boasts a prime location in a high-traffic area, surrounded by established businesses, ensuring consistent foot traffic and visibility. Currently, the building houses two successful, established businesses: a deli and a takeout restaurant, generating immediate passive income for the new owner. The simple maintenance requirements of this property further enhance its appeal as a low-effort, high-return investment. The building's size and layout offer flexibility for potential future expansion or adaptation to suit evolving market demands. Its convenient location offers easy access to Interstate 84, less than half a mile away, providing excellent connectivity for both customers and employees. This property represents a rare chance to acquire a stable, income-producing asset in a thriving commercial district, making it an ideal investment for those seeking a reliable and straightforward income stream. The asking price of $650,000 reflects the property's strong potential for long-term growth and profitability. Serious inquiries are encouraged.

Property profile
Verified
Property type Super regional malls
Use group REGIONAL SHOPPING CENTER, MALL
Year built 1989
Total area 3,400 SF
Lot 0.3 ac (13,068 SF)
Zoning code CA
APN WBRY M:0399 B:0135 L:0020
UPID US15-0548766
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
  • Sun Hing Restaurant Restaurant
  • Jalal international Halal market Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Dragon 2523 LLC · 3 yrs held
Dragon 2523 LLC
since 2023
Last sale
$290,000
7 recorded transactions
2023
$290,000
2015
$255,000
2009
Price N/A
2005
Price N/A
2003
Price N/A
1998
$295,000
1998
Price N/A
Zoning & alternative use
CA · Waterbury, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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