Joyce Murphy
325 East Main Street, Waterbury, (Downtown), CT, 06702
1 beds
1 Full baths
1938
17,264 sqft
LOCATION & CASH FLOW in this completely renovated opportunity in a prime downtown location with a bonus for tremendous value add opportunities. This sale consists of 317 & 325 East Main St which includes a 21 Unit brick building and an adjoining mixed-use property with a long standing Mini Mart + 3 approved apartments. The two properties share a large parking area in back with room for approx. 25 cars and detached three-car garage in back. Units are a mix of studios & 1 beds - 100% occupied w/historically low vacancy. Too many features to list including tons of energy efficient updates with a new steam boiler & new heat pump hot water heater. New electrical service, hardwired fire alarm & all LED/sensor lighting throughout. RING security in place, lead certified, fire rated doors, master key & new windows. Units are renovated w/new kitchens, baths, flooring, fixtures, low flow toilets, etc. #317 is occupied by a stable, long term mini mart w/kitchen + 3 approved studio units to be built. Amazing location: Walking Distance to Saint Mary's Hospital and the Waterbury Green + Easy Highway Access & one block to the Police Dept. The buildings give a new owner the opportunity to acquire an income-producing asset with the ability to raise rents with unit turnovers ++ the potential to finish three additional units for even more income.
Status:
Active
Town:
Waterbury
Type:
Commercial
Units:
22
Zoning:
CBD
Frontage:
Municipal Street
Garage:
Unpaved, Off Street Parking, Unassigned Parking
Heating:
Steam
Cooling:
Window Unit
Parking:
28-car
Acreage:
0.4
Est. Taxes:
$52,199
Assessment
$963,270
Current Use
retail, residential
Permitted Use
retail, residential, office
Utilities
Electric,Gas,Cable Available
Lot Description:
Level Lot
Days on Market:
15
MLS #:
24013249
Community Info
School Info
Walk Score
Mass Transit
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Listing courtesy of Amanda Faroni-Sheehan, Oxford Realty Email: amandafaroni25@gmail.com