Rare opportunity to acquire a 5.64± acre development parcel in a prime Waterbury location, immediately adjacent to the Hampton Inn and with excellent visibility from I-84. The site offers strong potential for hotel development and is equally compelling as a multifamily development opportunity, benefiting from convenient highway access, nearby employment and educational anchors, and close proximity to downtown Waterbury’s retail, dining, and entertainment amenities. Located less than ¼ mile from Exits 17 and 18 off Interstate 84, the property provides exceptional regional connectivity. Area demand drivers include Brass Mill Center, Mattatuck Museum, Naugatuck Valley Community College, Post University, UConn Waterbury, and Lake Compounce, located approximately 15 miles away. Zoned Commercial Office (CO), the property permits a variety of commercial uses, subject to municipal approvals.