68 Center St - Storefront Retail/Residential FOR SALE


Waterbury, CT 06702- Downtown Waterbury
$850,000 USD
860-882-8784
68 Center St, Waterbury, CT for Sale
$850,000 USD
Storefront Retail/Residential - FOR SALE
1/35
null | Request Cap Rate

68 Center St
Waterbury, CT 06702
Downtown Waterbury


OVERVIEW

Rare opportunity to acquire a prominent mixed-use investment property offering both immediate income and significant value add potential. The ground floor is occupied by two established commercial tenants with strong leases in place, providing stable cash flow. The upper three floors are currently vacant and present an exceptional redevelopment opportunity, with the highest and best use being conversion to residential apartments.  The building features a welcoming vestibule entrance, a fully operable and serviced elevator providing access to all levels, and a recently installed EPDM roof. Investors and developers will appreciate the combination of existing income, substantial upside through residential conversion, and major building improvements already completed.  Whether seeking a long-term investment, redevelopment project, or mixed-use asset with future growth potential, this property offers a unique opportunity in a highly desirable location.

FOR SALE DETAILS

PRICE

$850,000 USD

PRICE/SF

$90 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1895

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.72 AC

LAND SF

31,302 SF

ZONING

CBD

APN/PARCEL ID

WATE-000294-000270-000024

ASK ABOUT THIS PROPERTY

Natalie ZoefVanguard Private Client GroupMore Info
860-882-8784

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Natalie ZoefVanguard Private Client GroupMore Info
860-882-8784

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