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31765687
31765688

289 Congress Ave, Waterbury, CT 06708

JA
RES.0819058
$275,000
46 days on market
Updated 46 days ago
Opportunity zone

Garage/Mixed Use Building

Details
Property Type Industrial, Mixed Use
Sub Type Flex
Square Footage 4,815
Net Rentable (SqFt) 4,815
Units 2
Cap Rate 8.73%
NOI $24,000
Occupancy 100%
Tenancy Multi
Lease Type NNN
Price per SqFt $57
Class C
Year Built 1925
Buildings 1
Stories 2
Zoning RH
Parking Spaces per unit
Investment Type Owner/User
Occupancy Date 04/30/2026
Ceiling Height 10-14 FT

Industrial | 8.73% CAP | 4,815 SqFt

Marketing description

Exceptional investment or owner-user opportunity! This versatile 4,815 SF industrial/warehouse building offers two levels of functional space in a convenient Waterbury location. Originally constructed in 1925, the property features approximately 2,795 SF on the main level and 2,020 SF on the lower level, providing flexible layout options for a variety of uses. The building is currently configured for automotive or light industrial use and includes two drive-in doors, two driveway access points, 3-phase power, and clear ceiling heights of approximately 8-14 feet. Situated on a 0.14-acre lot, the property offers accessibility and visibility, making it ideal for contractors, warehouse users, or investors seeking a value-add opportunity. Zoned RH (High Density Residential), this property presents future redevelopment potential, including possible residential conversion (perform your own diligence). Tenants in place on a month-to-month basis. Building can be delivered with or without tenants in place. Please call for more information.

Investment highlights

  • Two-floors of mixed use space available with separate entrances.
  • Building can be delivered with tenants or vacant.
  • Current use is automobile repair shops.
  • Office space available on top floor.
  • Close proximity to highways, downtown & other businesses.
  • 1/2 Bathrooms in both units.

Listing Contacts

JA
RES.0819058

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$24,000.00
$2,000.00/mo

Valuation Metrics

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DSCR
8.73%
Cap Rate
8.73%
ROI

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