1588 Watertown AveWaterbury, CT 06708

  • Retail properties
  • 1,680 SF
For Lease
$18/SF/YR View listing

Property Details for 1588 Watertown Ave

Year built
1964
Lot size
0.36 AC
Property size (Sq ft)
1,680 SF
Zone code
CA
Property type
Retail properties
Property subtype
Other retail properties
APN
WBRY M:0096 B:0863 L:0033
APU
WBRYM0096B0863L0033

Description

This exceptional 1,680-square-foot retail space is available for lease at 1588 Watertown Avenue in Waterbury, Connecticut. Located in New Haven County, this single-tenant property sits on a 0.36-acre lot and offers significant potential for a variety of commercial uses. Built in 1964, the building is a single-story structure with ample space for retail operations. The property boasts robust electrical service, featuring 3-phase, 400-amp power, ensuring sufficient capacity for most business needs. The zoning designation is CA, providing flexibility for potential tenants. The entire 1,680 square feet is currently vacant, presenting a blank canvas for a new business to establish its presence. The property's location in Waterbury, CT, offers excellent visibility and accessibility, making it an ideal location for attracting customers. This is a rare opportunity to secure a well-located, sizable retail space in a thriving Connecticut market. The property's size and power capabilities make it suitable for a wide range of retail businesses. Interested parties are encouraged to inquire further to explore the possibilities this property offers. The zip code is 06708.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $408,299
    6.5%
    $376,891
    7%
    $349,970
  • Comparable approach

    Method
    Valuation
    Relative Method
    $553,162
    Geo Method
    $553,162
  • Alternative Use

    Use
    Valuation
    Residential
    $317,922
    Hospitality
    $291,215
    Educational
    $242,287
    Medical
    $250,620
    Retail
    $376,891
1588 Watertown Ave, Waterbury, Connecticut

Location Insight

City
Waterbury
County
New Haven
State
Connecticut
Latitude
41.5842
Longitude
-73.0746
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
$7,674
$97,230
$44,380
$141,610
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-
-
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