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Mixed-Use

Auction - 652 Watertown | 13,114 SF Retail & Multi-Family

652 Watertown Ave, Waterbury, CT 06708

Listing Price: Request For Offer

Number of Units
3
Occupancy
59.7%

Investment Overview

Register to Bid and Access Due Diligence Documents on RealINSIGHT Marketplace

Marcus & Millichap is pleased to present the opportunity to acquire 652 Watertown Ave, Waterbury, Connecticut. This opportunity presents a promising investment opportunity, featuring retail space on the ground level and residential units above. Constructed in 1975, it enjoys a prime location along Watertown Avenue with a daily traffic count of 8,600 vehicles. The two apartments were remodeled in 2023, offering modern amenities such as large windows, hardwood floors, washer/dryer hookups, granite countertops, and new appliances. The commercial tenant, in place since 2018, has four years remaining on their net lease, handling taxes directly. This setup provides significant potential for value appreciation and leasing opportunities for a new owner.

Investment Highlights

  • STARTING BID $150,000 | 13,114 SF Retail & Multi-Family | AUCTION APRIL 8-10, 2024
  • Significant Value-Add through Lease-Up of Current Apartment Vacancy
  • Highly Visible Location | 8,600 VPD
  • Immediate Proximity to Connecticut's Route 8 (55,100 VPD)
  • Commercial Unit: Three Loading Bay Doors; 17 Foot Ceiling Height
  • Apartments: Washer/Dryer Hookups, Hardwood Floors, Granite Countertops, Duel Pane Windows, high ceilings

Exclusively Listed By

Mixed-Use

Auction - 652 Watertown | 13,114 SF Retail & Multi-Family

Listing Price: Request For Offer

Number of Units
3
Occupancy
59.7%

Investment Highlights

  • STARTING BID $150,000 | 13,114 SF Retail & Multi-Family | AUCTION APRIL 8-10, 2024
  • Significant Value-Add through Lease-Up of Current Apartment Vacancy
  • Highly Visible Location | 8,600 VPD
  • Immediate Proximity to Connecticut's Route 8 (55,100 VPD)
  • Commercial Unit: Three Loading Bay Doors; 17 Foot Ceiling Height
  • Apartments: Washer/Dryer Hookups, Hardwood Floors, Granite Countertops, Duel Pane Windows, high ceilings

Investment Overview

Register to Bid and Access Due Diligence Documents on RealINSIGHT Marketplace Marcus & Millichap is pleased to present the opportunity to acquire 652 Watertown Ave, Waterbury, Connecticut. This opportunity presents a promising investment opportunity, featuring retail space on the ground level and residential units above. Constructed in 1975, it enjoys a prime location along Watertown Avenue with a daily traffic count of 8,600 vehicles. The two apartments were remodeled in 2023, offering modern amenities such as large windows, hardwood floors, washer/dryer hookups, granite countertops, and new appliances. The commercial tenant, in place since 2018, has four years remaining on their net lease, handling taxes directly. This setup provides significant potential for value appreciation and leasing opportunities for a new owner.

Exclusively Listed By

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