235 Meriden RdWaterbury, CT 06705

This exceptional commercial retail property, located at 235 Meriden Rd in Waterbury, Connecticut, presents a compelling investment opportunity. The 6,800 square foot building sits on a 0.45-acre lot and boasts 15 parking spaces, ensuring ample convenience for customers and employees. Built in 1958, the property is zoned CA Commercial and offers a substantial 10-year lease term. The asking price is $595,000, translating to a price per square foot of $87.50. The property generates a strong net operating income (NOI) of $60,000 annually. Features include two overhead doors, a 14-foot ceiling height, and 200-amp electrical service (120/208 volts). While the property does not currently have air conditioning or a sprinkler system, it is heated by a gas/oil system. This well-located retail space in the thriving Waterbury market offers significant potential for growth and return on investment. The property's size, parking availability, and strong NOI make it an attractive option for a variety of retail businesses. The long-term lease provides stability and predictable income. This is a rare opportunity to acquire a well-established commercial property in a desirable location.