389 Meadow St - Flex FOR SALE


Waterbury, CT 06702- Downtown Waterbury
$4,950,000 USD
860-269-3950
389 Meadow St, Waterbury, CT for Sale
$4,950,000 USD
Flex - FOR SALE
1/3
null | Request Cap Rate

389 Meadow St
Waterbury, CT 06702
Downtown Waterbury


HIGHLIGHTS

  • Historic Redevelopment Opportunity Qualifying for State and Federal Tax Credits
  • Zoning and Historical Approvals in Place
  • Plans for 38 Residential Units and First Floor Commercial Space Available

OVERVIEW

*For Sale: Waterbury Union Station - Clocktower Building - Premier Redevelopment Opportunity - Shovel Ready** Located in the heart of Waterbury, Connecticut, the iconic Waterbury Clocktower Building presents a unique and exciting redevelopment opportunity. This historic landmark consisting of 70,545 square feet is ready for transformation, with comprehensive plans already completed for its adaptive reuse to 38 residential units, and first floor commercial space including retail, food & beverage, office space, and more. The property is shovel-ready, with all the groundwork laid for a smooth redevelopment process. The building has received zoning compliance from the City of Waterbury and both National Park Service and State Historic Preservation Office approvals for Part 1 and Part 2 Historic Tax Credit applications. Key Features: - Prime location in downtown Waterbury, offering convenient access to local amenities and transportation - Transit-Oriented housing connected to the newly developed MTA line - Completed plans for redevelopment - Full compliance with historical and zoning regulations - Spacious, flexible interior ideal for mixed-use conversion - Strong potential for significant return on investment in a growing, revitalizing area This is an unparalleled opportunity to own and transform a piece of Waterbury's rich history into a vibrant, modern space. Don't miss your chance to be part of the revitalization of this remarkable building!

FOR SALE DETAILS

PRICE

$4,950,000 USD

PRICE/SF

$70 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Flex

ADD'L SUBTYPES

Restaurant, Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1909

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

87

LAND DETAILS

LAND ACRES

2.36

LAND SF

102,802

ZONING

CBD

APN/PARCEL ID

WATE-000273-000018-000031

ASK ABOUT THIS PROPERTY

Shannon HealyParker Benjamin Real Estate ServicesMore Info
860-269-3950

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Shannon HealyParker Benjamin Real Estate ServicesMore Info
860-269-3950

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.