81 Main St Waterbury, CT 06702
- Commercial real estate
- 1.21 lot acres
Current Use by Public Records
- Ashishs Arora / Pulmonologist
- ATM (Sovereign Bank) / Atm
Property Details for 81 Main St
- Lot size
- 1.21 lot acres
- Zone code
- CBD
- Property type
- Commercial real estate
- APN
- WBRY M:0274 B:0008 L:0063
- APU
- WBRYM0274B0008L0063
Description
This exceptional investment opportunity presents a substantial 180,000 square foot creative office portfolio situated on a prominent 1.56-acre lot in Waterbury, Connecticut's Central Business District (CBD). The property, located at 81-119 West Main Street, comprises five buildings, four of which are contiguous, creating a commanding presence on the Waterbury Green. The main structures, built in 1911 and extensively renovated in 1984, offer significant potential for redevelopment. An additional, approximately 3,500 square foot historic building, formerly the Mattituck Museum, adds to the property's unique character. The site includes six surface parking lots providing ample parking for 175 vehicles. The property is currently vacant, presenting a blank canvas for a variety of uses. Utilities include city water and sewer, Eversource electric, and Yankee Gas. AT&T data lines are available to the building. The property's CBD zoning allows for diverse development options. With a 10% cap rate, this offering represents a compelling return on investment for a discerning buyer. This is a rare chance to acquire a large-scale, centrally located property with significant redevelopment potential in a vibrant Connecticut city.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Waterbury
- County
- New Haven
- State
- Connecticut
- Longitude
- -73.0429
- Latitude
- 41.5558
- CBSA code
- 35300
- CBSA name
- NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA
