1525 Hamilton AveWaterbury, CT 06706

Property Details for 1525 Hamilton Ave

Year built

1972

Lot size

1.54 AC

Property size (Sq ft)

8,800 SF

Zone code

RS

Property type

Office properties

Property subtype

Office buildings

APN

WBRY M:0487 B:0488 L:0141

APU

WBRYM0487B0488L0141

Description

This exceptional investment opportunity presents a multi-tenant executive office building situated on a sizable 1.54-acre lot in Waterbury, Connecticut. The property, located at 1525 Hamilton Avenue, boasts a substantial 9,794 square feet of office space, currently generating a significant net operating income (NOI) of $56,174. The building, constructed in 1972, is zoned RS and offers a compelling cap rate of 7.49%. The asking price is $750,000, translating to a price per square foot of $76.58. Financial projections indicate a total scheduled annual income of $88,179 and total annual expenses of $32,005. This presents a strong return on investment for a discerning buyer. The property's prime location in Waterbury, within New Haven County, and its substantial lot size make it an attractive proposition for both investors and owner-occupiers seeking a well-established executive office space. The building's multi-tenant structure provides diversification and potential for future income growth. This is a rare opportunity to acquire a well-performing commercial property in a desirable Connecticut location. The property's strong financial performance and substantial lot size offer significant upside potential. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $1,454,903

  6.5%

  $1,342,987

  7%

  $1,247,060

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,149,808

  Geo Method

  $1,149,808

• Alternative Use

  Use

  Valuation

  Residential

  $1,665,304

  Hospitality

  $1,525,410

  Educational

  $1,269,123

  Medical

  $1,312,770

  Retail

  $1,974,191

Location Insight

City

Waterbury

County

New Haven

State

Connecticut

Latitude

41.5314

Longitude

-73.0066

CBSA code

35300

CBSA name

NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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