Technical
Financial
Distress signals
Property profile

2523 Main St Waterbury, CT 06705

OFF-MARKET
Super regional malls
Property ID
US15-0548766
3,400 SF 0.3 ac lot Built 1989
Entity Owned 3-yr Hold ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • Restaurant
  • Grocery & Convenience Store Food Market

Location

2523 Main St Waterbury, CT 06705-2836
Waterbury metro Census 352702 NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$305k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$370k

Owner & transaction history

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
Zoning description

The intent of this zone is to promote arterial commercial district uses

General category COMMERCIAL

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
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