Rare opportunity to acquire a prominent mixed use investment property offering both immediate income and significant value add potential.


Property

Website:https://www.nestseekers.com/5590733
Address:
68 Center
Waterbury, CT 06702
Ownership: Commercial
Type: Commercial
Bathrooms: 2
Area: 14496 sq ft

Financials

Price:$825,000
Annual Taxes:$19,575

Description

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 empty 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.

Amenities

  • Central Air
  • Elementary School -
  • Elevator
  • High School -
  • Intermediate School -
  • Split System

Contact

Nest Seekers International at The J House Greenwich, 1114 E Putnam Ave, Riverside, CT 06878
Listing Courtesy of Natalie Zoef of Vanguard Private Client Grp