For Sale
Call for price

81 Main StWaterbury, CT 06702

180,000 SF Vacant Office, High Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
114
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.

Highlights

  • 1.56-acre site (includes additional lots)
  • 180,000± square feet gross building area (GBA)
  • Currently vacant
  • Central Business District (CBD) zoning
  • City of Waterbury water and sewer
  • Eversource electric service

Property Details for 81 Main St

Property type
Office properties, Office space
Square Feet
180,000 SF
Class
B
Year Built/Renovated
1911/1984
Lot Size (sq. ft)
67,954 SF

Location Insight

City
Waterbury
County
New Haven
State
Connecticut
Latitude
41.5560475
Longitude
-73.0425511
81 Main St, Waterbury, Connecticut

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81 Main St
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