195 Freight StWaterbury, CT 06702

Exceptional redevelopment opportunity awaits at 195 Freight St, Waterbury, CT. This 1.82-acre property boasts a 34,000 sq ft former warehouse in the heart of the city's Central Business District (CBD), zoned for diverse uses including retail, dining, multifamily, medical, office, school, daycare, and gym. The property offers two leasable units: a 12,200 sq ft space with 21-foot ceilings and a loading dock, and a 6,000 sq ft space with 17-foot ceilings and a loading dock, both available for lease at $8 per square foot NNN. Tenants signing a two-year lease are eligible for Waterbury's grant programs, offering up to $100,000 for build-out and $100,000 for equipment costs. Strategically located across from a 20-acre parcel slated for "Work, Live, Play" development, this property benefits from a nearby bicycle path, planned economic development initiatives, and newly paved Jackson Street access. Its prime location is just a quarter-mile from the Route 84 and Route 8 interchange and a two-minute walk from the Metro North Train Station. The building was constructed in 1948 and features a central social club currently under lease. Asking price is $2,299,000, with a 5.00% cap rate. This is a multi-tenant property sold as-is.