230 Frost RdWaterbury, CT 06705

Property Details for 230 Frost Rd

Year built

1980

Lot size

0.26 AC

Property size (Sq ft)

4,028 SF

Zone code

RL

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

WBRY M:0351 B:0464 L:0120

APU

WBRYM0351B0464L0120

Description

This exceptional 2,100 square foot medical office building, located at 230 Frost Rd in Waterbury, Connecticut, presents a unique leasing opportunity. Built in 1980 and extensively renovated in 2008, the property boasts a desirable single-tenant occupancy. The building features two stories with a generous 9-foot ceiling height, providing ample space for a variety of medical practices. The entire 2,100 square feet is currently vacant, offering immediate occupancy for a prospective tenant. Situated in New Haven County, the property is zoned RL, ensuring compliance with local regulations. Its convenient Waterbury location, with zip code 06705, offers easy access for patients and staff. The building's modern amenities and spacious layout make it an ideal setting for a thriving medical practice. The 2008 renovation ensures the property is equipped with up-to-date systems and finishes, minimizing the need for immediate capital improvements. This presents a rare chance to secure a well-maintained, single-tenant medical office building in a desirable Connecticut location. Interested parties are encouraged to inquire further to explore this exceptional opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $665,949

  6.5%

  $614,722

  7%

  $570,813

• Comparable approach

  Method

  Valuation

  Relative Method

  $526,298

  Geo Method

  $526,298

• Alternative Use

  Use

  Valuation

  Residential

  $762,255

  Hospitality

  $698,222

  Educational

  $580,912

  Medical

  $600,891

  Retail

  $903,641

Location Insight

City

Waterbury

County

New Haven

State

Connecticut

Latitude

41.5483

Longitude

-73.0021

CBSA code

35300

CBSA name

NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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