Listing courtesy of Amanda Faroni-Sheehan (203) 314-4219, Oxford Realty (203) 314-4219
343 West Main Street, Waterbury, (Downtown), CT, 06702
5 beds
18 Full baths
1900
26,948 sqft
Exceptional mixed-use investment opportunity Downtown featuring three contiguous parcels totaling 0.42 acres with 26,948 SF of GLA. The offering includes two mixed-use buildings (343-367 West Main St & 495 Meadow St, Waterbury) plus a 31-car parking lot (367 West Main St), providing strong infrastructure for both residential and commercial tenancy. The property consists of 6 ground-level commercial units with stable, long-term tenants, and 21 residential apartments with a unit mix of (3) one-bedroom, (16) two-bedroom, and (2) three-bedroom units. Residential occupancy has historically remained high, reflecting consistent rental demand. Many units have been updated with modern flooring, fixtures, renovated kitchens, and baths. Capital improvements include a newer flat rubber roof, vinyl replacement windows, and mostly newer high-efficiency gas boilers. Utilities are separately metered and tenant-paid, helping to minimize owner expenses. A building-wide fire prevention system further enhances safety and compliance. This well-maintained asset combines diversified income streams, strong parking capacity, and proven occupancy performance, making it a compelling addition to any investment portfolio. Ideally situated with convenient access to I-84 and Route 8, the property is close to Downtown, the UCONN Waterbury campus, shopping, restaurants, and public transportation, making it highly attractive to both residential and commercial tenants.
Status:
Active
Town:
Waterbury
Type:
Commercial
Units:
21
Zoning:
CBD
Frontage:
Municipal Street
Garage:
Paved, Off Street Parking
Heating:
Hot Air
Cooling:
Window Unit
Parking:
31-car
Acreage:
0.18
Est. Taxes:
$64,291
Assessment
$1,429,330
Current Use
residential, bar, office, retail
Permitted Use
residential, bar, office, retail
Utilities
Electric,Gas,Phone Available,Cable Available
Lot Description:
Corner Lot,Level Lot
Days on Market:
23
MLS #:
24168984
Community Info
School Info
Walk Score
Mass Transit
Yelp
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