343 + 367 W Main St & 493 Meadow St, Waterbury, CT, 06702
$2,750,000
Price
27
Number of Units
101,851
Price Per Unit
95%
Occupancy
6.16%
Cap Rate
26,948
GLA
$2,750,000
Price
27
Number of Units
101,851
Price Per Unit
95%
Occupancy
6.16%
Cap Rate
26,948
GLA
Property Highlights
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 (2) one-bedroom, (19) two-bedroom units. With utilities separately metered and tenant-paid, this property minimizes owner expenses and maximizing ROI potential.
Prime Location
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.
Strong commuter appeal with quick access to I-84, Route 8, and regional employment centers throughout New Haven and Hartford Counties. Diverse employment base including healthcare, manufacturing, education, and municipal employers supporting rental stability. Favorable rent-to-price ratios compared to surrounding Fairfield and New Haven County markets