Exceptional mixed use investment opportunity offering 11, 760 SF of income producing space in Waterbury's highly visible East End.


Property

Website:https://www.nestseekers.com/5644624
Address:
170 Meriden
Waterbury, CT 06705
Ownership: Commercial
Type: Commercial
Bathrooms: 6
Area: 11760 sq ft

Financials

Price:$895,000
Annual Taxes:$13,661

Description

Exceptional mixed-use investment opportunity offering 11,760 SF of income-producing space in Waterbury's highly visible East End. The entire first floor, totaling approximately 6,500 SF, is leased long-term to a well-established and stable pawn shop, providing dependable commercial income. The second floor features three beautifully renovated residential apartments consisting of a 1-bedroom/1-bath unit, a spacious 4-bedroom/2-bath unit, and an oversized 6-bedroom/2-bath unit, creating a diverse unit mix with strong rental appeal. The residential units have been tastefully updated and are well maintained, minimizing deferred maintenance while maximizing tenant demand. High-efficiency COMBI boilers provide both heat and domestic hot water, with all utility costs separately metered and tenant paid. The property features abundant off-street parking, offering excellent accessibility for customers and ample parking for tenants. Situated on a large corner lot, the property benefits from outstanding visibility, steady traffic counts, and convenient access to I-84, Route 8, Downtown Waterbury, shopping, restaurants, and public transportation. Combining stable commercial tenancy with renovated residential units, this is an excellent opportunity for investors seeking reliable cash flow, long-term stability, and future appreciation in one of Waterbury's established commercial corridors.

Amenities

  • Door Sign
  • Elementary School -
  • Gutters
  • High School -
  • Intermediate School -
  • Lighting
  • Roof Sign
  • Window Display
  • Window Unit

Contact

Nest Seekers International at The J House Greenwich, 1114 E Putnam Ave, Riverside, CT 06878
Listing Courtesy of Amanda Faroni-Sheehan of Oxford Realty