1588 Watertown AveWaterbury, CT 06708

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

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.

• 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

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

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