Exponential Potential Abounds with this 5 Parcel Under developed, RM Zoned Moderate Density Multi Residence parcel currently being utilized as light industrial on only a fraction of the parcel.


Property

Website:https://www.nestseekers.com/5483832
Address:
1172, 1184, 1236, Hope, N North Main
Waterbury, CT 06704
Ownership: Commercial
Type: Commercial
Area: 20000 sq ft

Financials

Price:$850,000
Annual Taxes:$6,253

Description

Exponential Potential Abounds with this 5 Parcel Under-developed, RM Zoned (Moderate Density Multi Residence) parcel currently being utilized as light industrial on only a fraction of the parcel. With 3.4 acres total of prime investment Real Estate this represents a generational opportunity to build, or add to your investment portfolio. Held in the same family since the 1940s, this jewel is awaiting your vision for a windfall redevelopment. Current tenant paying 5700 a month, on only a fraction of the land, should buyer determine to maintain the existing structure. Owner currently nets $44,000 per year. Scarce opportunities like this still exist, do not miss your chance to be a part of this opportunity to generate unparalleled return, on a fractional investment.

Amenities

  • Doors - 16-20 ft
  • Elementary School -
  • High School -
  • Intermediate School -
  • Lighting
  • Loading Dock/Grade
  • Outside Storage Area
  • Sidewalk

Contact

Nest Seekers International at The J House Greenwich, 1114 E Putnam Ave, Riverside, CT 06878
Listing Courtesy of Jason Malagutti of Dave Jones Realty, LLC