|
|
Positioned in the heart of Downtown Waterbury's thriving business and entertainment district, this iconic four-story commercial landmark presents a rare opportunity to acquire one of the city's most recognizable hospitality properties. Home to the legendary Brass Horse Restaurant & Bar, this historic building combines timeless architectural character with extensive recent renovations, creating a truly turnkey opportunity for restaurateurs, investors, event operators, or mixed-use developers. The property encompasses approximately 7, 510 square feet across four levels and offers exceptional flexibility for multiple revenue streams. Located directly on North Main Street overlooking the Downtown Green, the property benefits from outstanding visibility, strong pedestrian traffic, and close proximity to major downtown destinations including Palace Theater, Mattatuck Museum, and University of Connecticut Waterbury Campus. Ongoing downtown revitalization efforts continue to enhance the area's appeal for businesses, residents, and visitors alike. Guests are welcomed into a beautifully remodeled dining environment that preserves the building's historic charm while incorporating modern hospitality amenities. Investment Highlights: -Four-story landmark commercial building -Approximately 7, 510 square feet of usable space -Two fully operational restaurant floors -Two commercial kitchens with updated equipment -Two bar areas serving separate levels -Recently remodeled throughout -Historic architectural features including original tin ceilings, brass accents, and mahogany barwork -Turnkey hospitality infrastructure included -Excellent visibility on Downtown Waterbury Green -Multiple income-producing possibilities -Ideal for restaurant, brewery, entertainment venue, banquet hall, mixed-use redevelopment, or owner-user investment Strong value-add opportunity through office leasing and event operations -Located within an actively revitalizing downtown corridor.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
For homebuyers and sellers, our Attorney Network:
$750,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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** | 5.990% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.358% | 6.640% | 5.952% |
| Monthly Tax Payment | $970 | $970 | $970 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,593 | $3,788 | $4,982 |
| Total Monthly Payment | $4,655 | $4,850 | $6,044 |
* 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.