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Property profile & analytics
FOR LEASE
Medical Office Space

714 Chase Pkwy Waterbury, CT 06708

13,782 SF 1.78 ac lot Built 1970
Individually Owned 12-yr Hold Free & Clear
Property ID
US15-0679539
Property summary
AI-generated overview

This exceptional investment opportunity presents two executive office units totaling 2,200 square feet, situated at 714 Chase Parkway in Waterbury, Connecticut. The property, built in 1970, sits on a generous 1.78-acre lot and benefits from RS zoning. Each unit represents a 9% interest in the 1,240,50 square foot building. Currently, the building has a 50% occupancy rate. The asking price for both units is $90,000. This is a multi-tenancy building with convenient access to I-84 via a nearby entrance ramp, and is located directly across from Naugatuck Valley Community College. The lease includes taxes, heat, electricity, common area maintenance (CAM), interior cleaning twice weekly, and non-hazardous trash removal. Individual unit size is 1,080 square feet. This presents a unique opportunity for investors seeking a well-located, income-producing property in a desirable Connecticut location. The property's size, location, and included amenities make it an attractive proposition for both owner-occupants and investors. The existing lease structure provides a stable income stream, while the RS zoning allows for flexibility in future development or use. This is a rare chance to acquire a piece of established commercial real estate in a thriving area.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1970
Total area 13,782 SF
Lot 1.78 ac (77,537 SF)
Zoning code CO
APN WBRY M:0339 B:0065 L:0002
UPID US15-0679539
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
Current use
Occupant on record · Public records
  • Dr. William F. Rozmajzl Jr., DDS - Dentist Dental Office
  • Naugatuck Valley Dental Dental Office
  • Chase Parkway Professional Building Medical Clinic
  • Chase Parkway Dental: Dr. Roshanak Rose Dezfoolian Dental Office
  • John A. Salerno, MD - Trinity Health Of New England Medical Group - Westside Internal Medicine Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$410k
CAP Approach CAP
by Request
Comparable Approach Comparable
$725k
Blend (final) Blend
$570k
Owner & transaction history
Schlesinger,alan R Tr & Alan R Tr · 12 yrs held
Schlesinger,alan R Tr & Alan R Tr
since 2013
6 recorded transactions
2013
Price N/A
2012
Price N/A
2005
Price N/A
1998
Price N/A
1993
Price N/A
1992
Price N/A
Zoning & alternative use
CO · Waterbury, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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