630 Highland AveWaterbury, CT 06708

Property Details for 630 Highland Ave

Year built

1957

Lot size

0.19 AC

Property size (Sq ft)

3,435 SF

Zone code

RL

Property type

Retail properties

Property subtype

Banks

APN

WBRY M:0412 B:1019 L:0016

APU

WBRYM0412B1019L0016

Description

This exceptional 3,435 square foot building at 630 Highland Avenue in Waterbury, Connecticut, presents a unique investment opportunity. Situated on a 0.19-acre lot, this single-story structure, built in 1957, boasts a highly visible location on Highland Avenue. The property is zoned RL and offers a flexible layout ideal for a variety of uses. The lower level comprises 2,735 square feet of retail space, previously utilized as bank space, and includes training or meeting rooms. The upper level features a 700 square foot apartment. Ample parking is available on-site. The asking price is $449,000. The property is offered as a NNN lease at $15 per square foot plus NNN charges. This versatile property is perfect for an owner-occupier or investor seeking a strong foothold in a desirable Waterbury location. Its history as a bank provides a solid foundation for various business ventures, while the upper-level apartment adds potential rental income. The combination of retail and office space, coupled with the convenient parking, makes this a truly compelling opportunity. The property is located in New Haven County, Connecticut, with the address being 630 Highland Ave, Waterbury, CT 06708.

• CAP approach

  CAP return

  Valuation

  6%

  $834,825

  6.5%

  $770,608

  7%

  $715,564

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,131,019

  Geo Method

  $1,131,019

• Alternative Use

  Use

  Valuation

  Residential

  $650,036

  Hospitality

  $595,430

  Educational

  $495,391

  Medical

  $512,428

  Retail

  $770,608

Location Insight

City

Waterbury

County

New Haven

State

Connecticut

Latitude

41.5406

Longitude

-73.0541

CBSA code

35300

CBSA name

NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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