714 Chase Pkwy, Waterbury, CT 06708
- Medical Office Space
- 13,782 SF
- 1.78 lot acres
Current Use by 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
Property Details for 714 Chase Pkwy
- Year built
- 1970
- Lot size
- 1.78 lot acres
- Zone code
- CO
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- WBRY M:0339 B:0065 L:0002
- APU
- WBRYM0339B0065L0002
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Dec 23, 2013 | — | Schlesinger,alan R Tr & Alan R Tr | Chase Parkway Rentals LLC | Grant Deed | — |
| Jul 13, 2012 | — | Chase Parkway Bldg | — | Deed Of Trust · related | $1M · Naugatuck Savings Bank |
| Jan 27, 2005 | — | Chase Parkway Bldg Assoc | — | Deed Of Trust · related | $1.2M · Naugatuck Savings Bank |
| Jun 16, 1998 | — | Chase Parkway Prf Bldg | — | Deed Of Trust · related | $880k · First Union National Bank |
| Jul 13, 1993 | — | Chase Pky | — | Deed Of Trust · related | $52k · Centerbank |
| Jul 8, 1992 | — | Chase Parkway Bld | — | Deed Of Trust · related | $926k · Centerbank |
Description
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.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $410,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $725,000
Market price range: $391k - $1.25M -
Alternative Use
- Use
- Estimation
- MEDICAL BUILDING
- $870,000 Current use
- WAREHOUSE, STORAGE
- $770,000 Change: -12% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Waterbury
- County
- New Haven
- State
- Connecticut
- Longitude
- -73.0721
- Latitude
- 41.5477
- CBSA code
- 35300
- CBSA name
- NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA
