425 Union StWaterbury, CT 06706

  • Other commercial real estate
  • 10.30 AC
For Sale

Property Details for 425 Union St

Lot size
10.30 AC
Zone code
CA
Property type
Other commercial real estate
APN
WBRY M:0322 B:0093 L:0114
APU
WBRYM0322B0093L0114

Description

This exceptional commercial property presents a significant opportunity for retail development or redevelopment. Located at 425 Union St, Waterbury, CT 06706, in New Haven County, this expansive site boasts a substantial 157,647 square feet of vacant retail space within a two-story building. The property sits on a generous 10-acre lot, offering ample room for expansion, parking, or additional development. Currently configured as a single-tenant space, this property is ideal for a large-scale retailer or a business seeking a significant footprint. The building's size and location in Waterbury, Connecticut, provide excellent visibility and accessibility. The property's zoning and potential uses should be verified independently. This is a rare opportunity to acquire a large, vacant retail space in a desirable location. The property's substantial size and acreage offer significant flexibility for a variety of retail concepts. Given its size and location, this property is well-suited for a variety of uses, subject to local zoning regulations. Interested parties are encouraged to conduct their own due diligence to assess the property's suitability for their specific needs. The property is available for lease.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $84,905,536
    Hospitality
    $77,773,016
    Educational
    $64,706,232
    Medical
    $66,931,580
    Retail
    $100,654,144
425 Union St, Waterbury, Connecticut

Location Insight

City
Waterbury
County
New Haven
State
Connecticut
Latitude
41.5516
Longitude
-73.0278
CBSA code
35300
CBSA name
NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$185,166
$1,813,770
$1,603,210
$3,416,980
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-
-
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