428 W Main St - Storefront FOR SALE


Waterbury, CT 06702- Downtown Waterbury
$2,400,000 USD
203-804-1877
428 W Main St, Waterbury, CT for Sale
$2,400,000 USD
Storefront - FOR SALE
1/11
null | Request Cap Rate

428 W Main St
Waterbury, CT 06702
Downtown Waterbury


OVERVIEW

Unlock the potential of this high-traffic commercial property! This 39-room motel at 428 West Main Street, Waterbury, sits in a prime location with excellent visibility and access to I-84 and Route 8, ensuring a steady flow of guests. With significant income potential, this property is ideal for an investor looking to maximize returns. The motel offers a variety of room styles, including single-bed rooms, double-bed rooms, and Jacuzzi suites, catering to both short-term and extended-stay guests. An on-site laundry facility adds convenience for both guests and management, enhancing operational efficiency. Strategically located on a bustling thoroughfare, this property benefits from steady traffic and proximity to key attractions. The Waterbury Mall, major retailers, and various restaurants are just minutes away, providing added convenience for visitors. Cultural and entertainment destinations like the Timexpo Museum and Palace Theater draw tourists, while the scenic Naugatuck River Greenway offers outdoor recreation. With ample parking, a functional layout, and opportunities for rebranding or repositioning- such as an extended-stay or boutique concept- this property presents tremendous upside potential. Whether you're looking to enhance operations or transform the space, this investment offers a rare opportunity to capitalize on a well-located asset with room for growth.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$160 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1925

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

CROSS STREETS

Judd St

LAND ACRES

0.31 AC

LAND SF

13,504 SF

ZONING

CBD

APN/PARCEL ID

WATE-000253-000054-000077

ASK ABOUT THIS PROPERTY

Carmelina RiccitelliColdwell Banker Residential Brokerage-ConnecticutMore Info
203-804-1877

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Carmelina RiccitelliColdwell Banker Residential Brokerage-ConnecticutMore Info
203-804-1877

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.