34 Monroe Ave Waterbury, CT 06705-1417
- Investment properties
- 3,780 SF
- 0.11 lot acres
Current Use by Public Records
- Sunshine. Dance / Dance School / School
Property Details for 34 Monroe Ave
- Year built
- 1984
- Lot size
- 0.11 lot acres
- Property size
- 3,780 SF
- Zone code
- CA
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- WBRY M:0324 B:0353 L:1041
- APU
- WBRYM0324B0353L1041
Description
This exceptional 3,780 square foot commercial building is strategically located just off Meriden Road in Waterbury, CT, offering excellent visibility. The property sits on a 0.11-acre lot and features a steel truss structure allowing for a clear span on both floors. The ground floor boasts an 8-foot ceiling height (to the underside of the steel), providing ample space for various uses. Currently, the building comprises approximately 2,023 square feet of retail space on the first floor and additional office space on the second floor. A portion of the structure has been developed as a residential apartment, presenting a unique opportunity for mixed-use development. The Commercial Arterial Zone (CA) district zoning permits a wide range of uses, including retail sales, restaurants, personal and business services, entertainment, recreation, social gathering spaces, automotive and marine trades, office space (including medical offices), daycare centers, religious institutions, kennels, veterinary services, wholesale trade, and limited vehicle service facilities. Prospective buyers are encouraged to review the zoning regulations to ensure their intended use is permitted. This versatile property presents a compelling investment opportunity in a desirable Waterbury location. The building's prominent position and flexible zoning make it ideal for a variety of commercial ventures.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $90,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $85,000
- 6.5%
- $90,000
- 7%
- $90,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $75,000
- Geo Method
- $90,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $105,000
- Retail
- $105,000
- Mixed-Use
- $80,000
- Hospitality
- $100,000
- Educational
- $95,000
- Residential Income
- $100,000
- Energy
- $75,000
- Income-Based Land
- $100,000
- Food Service
- $90,000
Location Insight
- Map
- Local Demand
- City
- Waterbury
- County
- New Haven
- State
- Connecticut
- Longitude
- -73.012
- Latitude
- 41.5509
- CBSA code
- 35300
- CBSA name
- NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA
