2271 Main StWaterbury, CT 06705

Property Details for 2271 Main St

Year built

1957

Lot size

0.22 AC

Property size (Sq ft)

4,820 SF

Zone code

CG

Property type

Office properties

Property subtype

Office buildings

APN

WBRY M:0375 B:0134 L:0101

APU

WBRYM0375B0134L0101

Description

This exceptional 4,820-square-foot medical office building is situated at 2271 East Main Street in Waterbury, Connecticut, zip code 06705. Built in 1957, the property sits on a 0.22-acre lot and is zoned CG, offering significant potential for a variety of medical or professional uses. The building boasts a spacious interior with 9-foot ceilings, providing ample room for comfortable and efficient operations. Its convenient location offers easy access to Interstate 84, ensuring excellent accessibility for patients and staff. The asking price for this turnkey opportunity is $399,500. This stand-alone building presents a rare chance to acquire a well-established property in a thriving area. The previous owners are retired, presenting a unique opportunity for a new owner to establish their practice or expand an existing one. The property's classification includes both retail and office space, making it versatile and adaptable to various needs. Its prime location and substantial square footage make it an attractive investment for those seeking a well-established medical or professional office space in a highly accessible location within Waterbury, New Haven County. The property's size and zoning provide flexibility for future expansion or adaptation to evolving business needs.

• CAP approach

  CAP return

  Valuation

  6%

  $796,890

  6.5%

  $735,591

  7%

  $683,049

• Comparable approach

  Method

  Valuation

  Relative Method

  $629,781

  Geo Method

  $629,781

• Alternative Use

  Use

  Valuation

  Residential

  $912,132

  Hospitality

  $835,508

  Educational

  $695,133

  Medical

  $719,040

  Retail

  $1,081,318

Location Insight

City

Waterbury

County

New Haven

State

Connecticut

Latitude

41.5443

Longitude

-73.0042

CBSA code

35300

CBSA name

NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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