Property profile

650 Wolcott St Waterbury, CT 06705

FOR LEASE
Commercial real estate
Property ID
US15-0687978
5.97 ac lot
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

Exceptional retail opportunity awaits at Mattatuck Plaza, a 41,562 square foot commercial property situated on a generous 16.63-acre lot in Waterbury, Connecticut. This multi-tenant building currently offers 41,562 square feet of vacant space, divisible into units ranging from 9,512 square feet to a maximum contiguous space of 32,050 square feet. Two suites are available, with one former restaurant space featuring a 14-foot ceiling height (17 feet under bar joists). The property boasts excellent parking and is ideally located at 650 Wolcott St, Waterbury, CT 06705, approximately one mile north of Brass Mill Center. Its strategic location provides easy access to major Connecticut cities via I-84 and Route 8. The building features a finished block exterior and rubber interior construction. Utilities include Eversource electric and gas, city sewer, and city water. Central air conditioning and gas heat are installed. The lease rate is $9.95 per square foot, plus estimated net operating expenses of $7.32 per square foot. The property is zoned commercial. This presents a unique chance to establish a thriving business in a high-traffic area with excellent visibility and accessibility.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 5.97 ac (260,053 SF)
Zoning code CA
APN WBRY M:0259 B:0570 L:0121
UPID US15-0687978

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
  • Restaurant
  • Gym & Fitness Center
  • Gym & Fitness Center
  • Gym & Fitness Center Sports School
  • (Bike/Boat/Book/etc) Store

Location

650 Wolcott St Waterbury, CT 06705
Waterbury metro Census 351300 NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$345k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$345k

Owner & transaction history

Zoning & alternative use

CA · Waterbury, CT
Zoning description

The intent of this zone is to promote arterial commercial 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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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