Listing courtesy of Kyle Neumann (860) 370-3712, Houlihan Lawrence (203) 438-0455
44 Abbott Terrace, Waterbury, (Downtown), CT, 06702
1 beds
1986
93,086 sqft
Exceptional opportunity to acquire a ~93,000 SF institutional building located at 44 Abbott Terrace in Waterbury. Formerly operated as a skilled nursing facility, this expansive, elevator-served property offers significant potential for adaptive reuse or redevelopment. The building features an existing residential-style layout with numerous rooms, common areas, commercial kitchen infrastructure, and full mechanical systems already in place-providing a strong foundation for conversion to multifamily, affordable housing, assisted living, behavioral health, or other institutional uses. Recent capital improvements include a new roof installed in 2019, helping reduce near-term capital expenditure requirements. Situated within a CBD-zoned area, the property benefits from a central location with access to local amenities, transit, and a dense surrounding population. Preliminary analysis suggests the potential to support a high-density residential conversion. The property is currently vacant, and the prior healthcare license is no longer active. Offered at $4,750,000 (~$51/SF), this represents a compelling basis opportunity for investors and developers seeking scale and value-add potential.
Status:
Active
Town:
Waterbury
Type:
Commercial
Units:
205
Zoning:
CBD
Frontage:
Cul-De-Sac
Garage:
Paved
Heating:
Gas on Gas, Hot Air
Cooling:
Central Air
Parking:
80-car
Acreage:
1.95
Est. Taxes:
$408,521
Assessment
$9,082,290
Current Use
Nursing Facility
Permitted Use
Redevelopment
Utilities
Electric,Gas
Lot Description:
On Cul-De-Sac
Days on Market:
32
MLS #:
24162472
Community Info
School Info
Walk Score
Mass Transit
Yelp
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