1555 Baldwin StWaterbury, CT 06706

  • Retail properties
  • 1,800 SF
For Sale
$650,000 View listing

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
1555 Baldwin St, Waterbury, Connecticut

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$6,517
$45,640
$74,620
$120,260
-
-
-
-

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].