649 W Main St - Freestanding FOR SALE


Waterbury, CT 06702- Downtown Waterbury
$7,585,057 USD
248-702-0288
649 W Main St, Waterbury, CT for Sale
$7,585,057 USD
Freestanding - FOR SALE
1/5
null | 7.75% Cap Rate

649 W Main St
Waterbury, CT 06702
Downtown Waterbury


HIGHLIGHTS

  • Well-Positioned, 91% Occupied Retail Center | Upside Available Through Lease-Up of Vacant Space
  • Attractive Tenant Roster with Majority of Tenants Operating Since the Property was Built
  • Out Parcels Included in Sale: (One) Free-Standing KFC w/ Drive-Thru and Free Standing Monro Muffler
  • Strategically Located In Between Two Major Hospital Systems; Waterbury Hospital, a 357-Bed Hospital Just 0.6 Miles Away
  • Located at the T-Intersection of W. Main St and Thomaston Ave (40,400 VPD+)
  • Proximity to On and Off Ramps to Heavily Traveled Interstate 84 and Route 8

OVERVIEW

Encore REIS is pleased to present Century Plaza located in Waterbury, CT along a busy main arterial road. Located just east of downtown Waterbury, the plaza is also close to ramps for Interstate 84 and Route 8. Century Plaza has excellent positioning and easy access due to its positioning at the traffic light. This legacy asset has never traded ownership and now features new long-term leases from Walgreens, Advance Auto Parts and KFC, each of these tenants, including the others within the center, have occupied these spaces since the inception of this property.

FOR SALE DETAILS

PRICE

$7,585,057 USD

PRICE/SF

$207 USD /SF

CAP RATE

7.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Century Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1994

SPRINKLERS

-

PARKING SPACES

225

LAND DETAILS

LAND ACRES

4.16 AC

LAND SF

181,210 SF

ZONING

IG

APN/PARCEL ID

WATE-000272-000022-000023

ASK ABOUT THIS PROPERTY

Deno BistolaridesEncore Real Estate Investment ServicesMore Info
248-702-0288

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

Deno BistolaridesEncore Real Estate Investment ServicesMore Info
248-702-0288

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