1555 Baldwin StWaterbury, CT 06706
- Retail properties
- 1,800 SF
Property Details for 1555 Baldwin St
- Year built
- 1968
- Lot size
- 0.15 AC
- Property size (Sq ft)
- 1,800 SF
- Zone code
- CN
- Property type
- Retail properties
- Property subtype
- Other individual retail properties
- APN
- WBRY M:0482 B:0329 L:0075
- APU
- WBRYM0482B0329L0075
Description
This exceptional investment opportunity in Waterbury, Connecticut, presents a 1,800 square foot property situated on a 0.15-acre lot. The main structure, built in 1968, is a fully operational laundromat featuring fourteen gas dryers and thirteen new washing machines. The laundromat also includes an office/folding area, a flat-screen TV, soda and coin change machines, a public restroom, and a storage area with a shower. Two new split units provide efficient heating and air conditioning. The property is zoned CN. Adjacent to the laundromat is a vacant space ideal for expansion or a separate retail venture or office. This area offers its own restroom and a kitchenette/storage area. The asking price of $650,000 includes all fully paid equipment and merchandise. The sale is an "as-is, where-is" transaction, requiring cash payment. This single-story building presents a unique opportunity to acquire a profitable, established business with significant expansion potential in a desirable location at 1555 Baldwin Street, Waterbury, CT 06706. The property consists of two units, offering flexibility and diverse income streams. This is a cash-only sale.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $437,463
- 6.5%
- $403,812
- 7%
- $374,968
-
Comparable approach
- Method
- Valuation
- Relative Method
- $592,674
- Geo Method
- $592,674
-
Alternative Use
- Use
- Valuation
- Residential
- $340,630
- Hospitality
- $312,016
- Educational
- $259,593
- Medical
- $268,521
- Retail
- $403,812
Location Insight
- City
- Waterbury
- County
- New Haven
- State
- Connecticut
- Latitude
- 41.5316
- Longitude
- -73.0355
- CBSA code
- 35300
- CBSA name
- NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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