575 Union StWaterbury, CT 06706

Property Details for 575 Union St

Year built

1997

Lot size

11.45 AC

Property size (Sq ft)

161,744 SF

Zone code

CA

Property type

Retail properties

Property subtype

Retail space

APN

WBRY M:0347 B:0093 L:0115

APU

WBRYM0347B0093L0115

Description

This exceptional retail opportunity is located at 575 Union St, Waterbury, CT, 06706, within the prominent Brass Mill Center. The property boasts a total of 140,000 square feet across two stories, currently offering 140,000 square feet of vacant space. Multiple tenancy options are available, with spaces ranging from a minimum of 60,000 square feet up to a maximum contiguous space of 80,000 square feet. This presents a unique chance for businesses seeking significant retail presence in a high-traffic location. The building features inline spaces with impressive 14-18 foot clear heights, providing ample room for various retail configurations and inventory storage. Situated in New Haven County, this property benefits from excellent visibility and accessibility, making it an ideal location for a variety of retail uses. The address is easily accessible and well-suited for attracting a large customer base. This is a prime opportunity to establish or expand your retail business in a thriving Connecticut market. Contact us today to learn more about the available spaces and lease terms. The property is ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $39,309,440

  6.5%

  $36,285,636

  7%

  $33,693,804

• Comparable approach

  Method

  Valuation

  Relative Method

  $53,256,348

  Geo Method

  $53,256,348

• Alternative Use

  Use

  Valuation

  Residential

  $30,608,292

  Hospitality

  $28,037,030

  Educational

  $23,326,480

  Medical

  $24,128,714

  Retail

  $36,285,636

Location Insight

City

Waterbury

County

New Haven

State

Connecticut

Latitude

41.5466

Longitude

-73.0237

CBSA code

35300

CBSA name

NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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