1555 Baldwin StWaterbury, CT 06706

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

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.

• 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

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