617-239-3610
425 Union St, Waterbury, CT for Sale
Department Store - FOR SALE
1/4
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425 Union St
Waterbury, CT 06706
Downtown Waterbury


OVERVIEW

Atlantic Capital Partners has been exclusively engaged to market for sale At Brass Mill Center, a former Sears anchor to Brass Mill Center in Waterbury, Connecticut. Situated in the commercial core of Connecticut’s fifth largest city, the asset offers a compelling redevelopment opportunity to reimagine one of the most significant parcels along the Union Street corridor, the primary retail artery of the Naugatuck Valley. The subject property is part of a regional mall that draws from a dense trade area with a local population of over 174,627 people within a 5-mile radius earning average household incomes exceeding $88,520. Totaling ±130,029 square feet across two levels, approximately 62,237 SF on the lower level and 67,792 SF on the upper level, and a 22,120 SF auto center, At Brass Mill Center is presently unencumbered by any tenant leases, affording immediate redevelopment potential. This ±10.33-acre site features direct access from Interstate 84 (Exit 22) and State Route 8, which together carry over 150,000 vehicles per day through the heart of the trade area. The property is being offered for sale without a formal asking price, free-and-clear of existing debt.

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Department Store

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

735

LAND DETAILS

LAND ACRES

10.33 AC

LAND SF

449,975 SF

ZONING

CA

APN/PARCEL ID

WATE-000322-000093-000114

ASK ABOUT THIS PROPERTY

Justin SmithAtlantic Capital PartnersMore Info
617-239-3610

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Justin SmithAtlantic Capital PartnersMore Info
617-239-3610

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