Avenue Of Industry, Waterbury, CT, Connecticut, property flyer

Avenue Of Industry, Waterbury, CT, 06701 | $750,000

24-acre industrial development site in Waterbury, CT offering a rare opportunity to acquire a large, strategically located parcel with utilities in place and strong development potential. The property is zoned industrial and includes conceptual plans for an 8-building industrial condominium park with buildings ranging from 5, 000-10, 000 SF. Ideal for industrial condos, flex space, warehousing, or light manufacturing. The site features access to city water, sewer, and natural gas, with strong potential for phased development. Family-owned for over 15 years, the property is positioned near Interstate 84 and Route 8, providing excellent connectivity between the New York and Boston markets. Waterbury continues to emerge as a growing logistics and industrial hub, supported by major investment and increasing demand for modern industrial space. Limited new industrial inventory in the region creates a compelling opportunity for developers and investors. A 2024 feasibility study has been completed based on current zoning and utility layouts. Portions of the site contain previously delineated wetlands; prior approvals have expired and wetlands will require re-flagging and resubmission. Preliminary discussions with local planning officials indicate no anticipated material zoning changes. Offered as a land sale with conceptual plans and feasibility work included. Owners looking for quick sale.

Features

Zoning: IP
Frontage: Municipal Street

Lot Desc: Sloping Lot,Open Lot
MLS#: 24174585

Website: https://www.raveis.com
/prop/24174585/avenueofindustry_waterbury_ct?source=qrflyer

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Listing courtesy of Great Estates, CT Phone: (203) 200-7030

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Frank KolbSenior Vice President - Coaching & Strategic, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 81725

203.980.8025

Frank.Kolb@raveis.com

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Avenue Of Industry, Waterbury, CT, 06701

$750,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Frank Kolb

Senior Vice President - Coaching & Strategic

William Raveis Mortgage, LLC

Phone: 203.980.8025

Frank.Kolb@raveis.com

NMLS Mortgage Loan Originator ID 81725

	5/6 (30 Yr) Adjustable Rate Conforming*	30 Year Fixed-Rate Conforming	15 Year Fixed-Rate Conforming
Loan Amount	$600,000	$600,000	$600,000
Term	360 months	360 months	180 months
Initial Interest Rate**	6.250%	6.490%	5.750%
Interest Rate based on Index + Margin	8.125%
Annual Percentage Rate	6.474%	6.640%	5.972%
Monthly Tax Payment	N/A	N/A	N/A
H/O Insurance Payment	$92	$92	$92
Initial Principal & Interest Pmt	$3,694	$3,788	$4,982
Total Monthly Payment	$3,786	$3,880	$5,074

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.