DEVELOPMENT SITE - I-84 WATERBURY, CT - Hotel, MF, Religious
DEVELOPMENT OPPORTUNITY - I-84 EXPOSURE. Hotel | Multi-Family | Religious Institution | And More
Marketing description
Presenting a rare opportunity to acquire a strategically located 5.64-acre commercial parcel in the heart of
Waterbury, Connecticut. Positioned directly adjacent to the Hampton Inn at 777 Chase Parkway and visible from
Interstate 84, this site offers natural synergy with an established hotel's traffic and infrastructure. The owner has
commissioned an engineering site plan for hotel development, which might be the highest and best use for this
property. Additional uses — including multi-family residential, religious institutions, and other commercial
developments — are also viable under the flexible CO zoning.
The proposed site plan positions this parcel as an ideal candidate for hospitality developers, flagged hotel brands,
religious organizations, multi-family investors, or other parties seeking exposure in a high-demand commercial
corridor. Just off I-84 with approximately 125,000 vehicles per day, less than a quarter mile from Exits 17 and 18, the
property provides unmatched visibility and accessibility. It is located five minutes from downtown Waterbury's
shops, dining, and entertainment, the Mattatuck Museum, Brass Mill Center Mall, Naugatuck Valley Community
College, Post University, and the University of Connecticut (Waterbury Campus). Lake Compounce amusement and
water park is only 15 miles away.
Investment highlights
- Lot Size 5.64 Acres
- Zoning CO (Commercial Office)
- flexible CO zoning
- Interstate Access I-84 Exits 17 & 18 (less than 0.25 mi)
- I-84 Traffic Count ~125,000 vehicles/day
- Municipal water/sewer, electricity available
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