18 Brown StWaterbury, CT 06702

Property Details for 18 Brown St

Year built

1950

Lot size

0.18 AC

Property size (Sq ft)

5,751 SF

Zone code

CBD

Property type

Healthcare properties

Property subtype

Medical offices

APN

WBRY M:0275 B:0069 L:0621

APU

WBRYM0275B0069L0621

Description

This exceptional 5,751 square foot commercial property, situated on a 0.18-acre lot at 18 Brown Street in Waterbury, CT, presents a unique investment opportunity in the city's Central Business District. The building offers a versatile layout ideal for a variety of uses. The upper unit is currently set up as office space, boasting a reception area, administrative offices, three to four additional private offices, and a bathroom. Recent improvements include the installation of a convenient ramp for accessibility. The lower unit provides a large, open space perfect for customization. This area could be easily divided to accommodate multiple tenants or expanded uses. It features its own separate outside access and a loading dock, making it particularly suitable for businesses requiring storage or delivery capabilities. Both units benefit from separate utility meters, offering efficient cost management. The property also includes off-street parking, a valuable asset in a bustling downtown location. This property's prime location and flexible space make it an excellent choice for contractors, retailers, or office users seeking a prominent Waterbury address. The asking price is $300,000. Don't miss this chance to acquire a versatile and well-located commercial property in a thriving urban center.

• CAP approach

  CAP return

  Valuation

  6%

  $950,812

  6.5%

  $877,673

  7%

  $814,982

• Comparable approach

  Method

  Valuation

  Relative Method

  $751,426

  Geo Method

  $751,426

• Alternative Use

  Use

  Valuation

  Residential

  $1,088,314

  Hospitality

  $996,890

  Educational

  $829,401

  Medical

  $857,925

  Retail

  $1,290,179

Location Insight

City

Waterbury

County

New Haven

State

Connecticut

Latitude

41.5551

Longitude

-73.037

CBSA code

35300

CBSA name

NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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