Technical
Financial
Distress signals
Property profile

496 Main St Waterbury, CT 06702

OFF-MARKET
Investment properties
Property ID
US15-1267013
6,490 SF 0.1 ac lot Built 1885
Entity Owned 7-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 6,490-square-foot warehouse, located at 496 West Main Street in Waterbury, Connecticut, presents a unique investment opportunity. Built in 1885, this two-story building boasts a charming historic character combined with modern functionality. The property features a single tenancy, with 650 square feet currently vacant, offering immediate potential for expansion or lease income. The warehouse boasts impressive 11-foot ceilings, providing ample vertical space for storage or various commercial uses. Situated on a 0.1-acre lot, the property offers convenient on-street parking, supplemented by its proximity to State Route and Route 8 (within 3/10 of a mile). The building is equipped with 200 amps of power, ensuring sufficient electrical capacity for most commercial needs. Its Mixed-Use - CBD zoning allows for a wide range of potential uses, making it an adaptable space for various businesses. The property's location in New Haven County, with a Waterbury, CT 06702 zip code, provides easy access to major transportation routes and a thriving local market. This is a rare opportunity to acquire a well-located, historic warehouse with significant upside potential. The property is currently available for lease.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1885
Total area 6,490 SF
Lot 0.1 ac (4,356 SF)
Zoning code CBD
APN WBRY M:0253 B:0057 L:0094
UPID US15-1267013

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
  • Clothing & Fashion Store
  • Department Store

Location

496 Main St Waterbury, CT 06702-1012
Waterbury metro Census 350101 NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$290k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$290k

Owner & transaction history

since 2019
7 recorded transactions
2019
$358,000
2019
Price N/A
2008
$70,000
2008
$1
2006
Price N/A
2005
Price N/A
2005
$385,000

Zoning & alternative use

CBD · Waterbury, CT
Zoning description

The intent of this zone is to promote central business 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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 496 Main St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message