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Property profile & analytics
FOR SALE
Commercial land

485 Watertown Ave Waterbury, CT 06708

0.28 ac lot
Entity Owned Absentee Owner Free & Clear
Property ID
US15-0718636
485 Watertown Ave, Waterbury, CT 06708 For Sale
$895,000
485 Watertown Ave, Waterbury, CT 06708
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Property summary
AI-generated overview

This exceptional 5,200 square foot shopping center, located at 485 & 497 Watertown Avenue in Waterbury, Connecticut, presents a lucrative investment opportunity. Built in 2009, the property boasts 100% occupancy across its multi-tenant retail and office spaces. Situated on a 0.73-acre lot, the center is zoned CA and benefits from its prime location in New Haven County, zip code 06708. The property's strong performance is reflected in its current asking price of $1,100,000. The building's recent construction ensures modern amenities and efficient layouts, appealing to a diverse range of tenants. With a total square footage of 5,200 square feet, the center offers ample space for various business needs. The property's strong occupancy rate indicates a stable income stream, further enhanced by the relatively low property taxes of $4.72 per square foot. This well-maintained and highly sought-after shopping center represents a compelling investment opportunity for discerning buyers seeking a stable and profitable addition to their portfolio. The property's strategic location in a thriving area of Waterbury ensures continued high demand and potential for future growth. This is a rare chance to acquire a fully occupied, high-performing commercial property in a desirable Connecticut market.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.28 ac (12,197 SF)
Zoning code CA
APN WBRY M:0213 B:0705 L:0001
UPID US15-0718636
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
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
FRANK DEVINO FAMILY
FRANK DEVINO FAMILY
Zoning & alternative use
CA · Waterbury, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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