195 Freight StWaterbury, CT 06702

Property Details for 195 Freight St

Year built

1948

Lot size

1.82 AC

Property size (Sq ft)

33,010 SF

Zone code

CBD

Property type

Other commercial real estate

Property subtype

Showrooms

APN

WBRY M:0293 B:0018 L:0121

APU

WBRYM0293B0018L0121

Description

This exceptional 34,200-square-foot former warehouse presents a compelling redevelopment opportunity in the heart of downtown Waterbury, CT. Situated on a 1.82-acre lot in the Central Business District (CBD), this property offers significant potential for a variety of uses, including retail, dining, multifamily residential, medical facilities, office space, educational institutions, daycare centers, and fitness centers. The property's strategic location offers unparalleled access to transportation, being just a quarter-mile from the I-84 and Route 8 interchange and a two-minute walk from the Metro North Train Station. Further enhancing its appeal, the property benefits from its proximity to a planned 20-acre mixed-use development emphasizing a "Work, Live, Play" theme, and is located on newly paved Jackson Street. A nearby bicycle path adds to the area's growing appeal. The property currently features two leasable units: a 12,200-square-foot space with 21-foot ceilings and a loading dock, available for $6 per square foot triple net

• CAP approach

  CAP return

  Valuation

  6%

  $8,022,582

  6.5%

  $7,405,460

  7%

  $6,876,499

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,868,978

  Geo Method

  $10,868,978

• Alternative Use

  Use

  Valuation

  Residential

  $6,246,783

  Hospitality

  $5,722,020

  Educational

  $4,760,654

  Medical

  $4,924,380

  Retail

  $7,405,460

Location Insight

City

Waterbury

County

New Haven

State

Connecticut

Latitude

41.5531

Longitude

-73.0493

CBSA code

35300

CBSA name

NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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