485 Watertown Ave Waterbury, CT 06708
For Sale
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CA · Waterbury, CTWaterbury. Always verify with local authorities before improvements.
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.