630 Highland Ave Waterbury, CT 06708-3748
This exceptional 3,435 square foot building at 630 Highland Avenue in Waterbury, Connecticut, presents a unique investment opportunity. Situated on a 0.19-acre lot, this single-story structure, built in 1957, boasts a highly visible location on Highland Avenue. The property is zoned RL and offers a flexible layout ideal for a variety of uses. The lower level comprises 2,735 square feet of retail space, previously utilized as bank space, and includes training or meeting rooms. The upper level features a 700 square foot apartment. Ample parking is available on-site. The asking price is $449,000. The property is offered as a NNN lease at $15 per square foot plus NNN charges. This versatile property is perfect for an owner-occupier or investor seeking a strong foothold in a desirable Waterbury location. Its history as a bank provides a solid foundation for various business ventures, while the upper-level apartment adds potential rental income. The combination of retail and office space, coupled with the convenient parking, makes this a truly compelling opportunity. The property is located in New Haven County, Connecticut, with the address being 630 Highland Ave, Waterbury, CT 06708.
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
RL · Waterbury, CTWaterbury. Always verify with local authorities before improvements.
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.