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Property profile & analytics
FOR SALE
Commercial land

557 E Main St Waterbury, CT 06702

0.08 ac lot
Entity Owned 24-yr Hold Free & Clear
Property ID
US15-0419846
Property summary
AI-generated overview

This exceptional 0.63-acre commercial development site in Waterbury, Connecticut, is offered at $1,000,000. Located at 557 E Main St (APN 0296-0089-0021), this fee simple property boasts a prime location on a signaled intersection along the heavily trafficked East Main Street corridor, experiencing an average daily traffic count exceeding 19,000 vehicles. The Commercial General (C.G.) zoning permits a wide range of uses, including but not limited to: gas stations, convenience stores, quick-service restaurants (QSRs), short-term lodging, retail sales, mixed-use buildings, restaurants, personal and business services, entertainment venues, shopping centers, food processing and sales, recreational facilities, office spaces, medical offices, daycare centers, veterinary services, and drive-through facilities. Special permits may allow for residential uses (single-family, multi-family, group living), package stores, inpatient clinics, wholesale trade, vehicle services, and surface parking lots. The zoning regulations specify a minimum lot size of 6,000 square feet, a minimum lot frontage of 60 feet, a maximum impervious surface of 90%, and a minimum building coverage of 50%, with a maximum building height of either 5 stories or 60 feet, whichever is less. The property's proximity to the Central Business District, hospital, police station, fire station, and Brass Mill Center further enhances its desirability. Convenient highway access is also a key advantage. This is an unparalleled opportunity for developers seeking a high-visibility location with significant development potential.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.08 ac (3,485 SF)
Zoning code CG
APN WBRY M:0296 B:0089 L:0021
UPID US15-0419846
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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by Request
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Owner & transaction history
Reidville Dr Rlty LLC · 24 yrs held
Reidville Dr Rlty LLC
since 2001
1 recorded transaction
2001
$25,000
Zoning & alternative use
CG · Waterbury, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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