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Property profile & analytics
FOR LEASE
Retail space

3580 E Main St Waterbury, CT 06705

62,889 SF 10.97 ac lot Built 2017
Entity Owned 15-yr Hold ~ Est. High Equity
Property ID
US15-0223215
Property summary
AI-generated overview

This exceptional 7.5-acre commercial land parcel presents a unique investment opportunity in Waterbury, Connecticut. Located at 3580 E Main St, the property boasts a highly desirable Arterial Commercial District zoning (CA) designation within New Haven County. The expansive lot size offers significant development potential for a variety of commercial uses, catering to businesses seeking high visibility and accessibility. The single-tenant designation provides flexibility for a single large-scale development or the potential for subdivision into smaller parcels. The property's address is 3580 E Main St, Waterbury, CT 06705, situated at latitude 41.54078 and longitude -72.9709697. Given its size and zoning, this land is ideally suited for businesses requiring substantial space and prominent street frontage. The property is available for lease and presents a compelling opportunity for businesses seeking to establish a strong presence in a thriving Connecticut market. Serious inquiries are encouraged to explore the possibilities this exceptional property offers. The total building square footage is currently listed as 1 square foot, indicating the land is undeveloped and ready for construction. This presents a blank canvas for a custom-designed commercial project.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2017
Total area 62,889 SF
Lot 10.97 ac (477,853 SF)
Zoning code CA
APN WBRY M:0404 B:0156 L:0061
UPID US15-0223215
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
  • Restaurant Depot Big Box & Wholesale Store
  • M A Mortenson Co Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$8.18M
Comparable Approach Comparable
$7.39M
Blend (final) Blend
$7.91M
Owner & transaction history
Tj Waterbury LLC · 15 yrs held
Tj Waterbury LLC
since 2011
4 recorded transactions
2011
$9.1M
2007
$9.8M
2003
Price N/A
1997
Price N/A
Zoning & alternative use
CA · Waterbury, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $9.2M +80.3%
Apartment house (5+ units) $6.2M +21.6%
Auto repair, garage $5.7M +11.8%
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More about this property
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