572 Watertown Ave
Retail | 5,912 SqFt
Marketing description
This investment opportunity consists of a ±0.90-acre commercial property improved with two income-producing buildings. The primary building is occupied by Big Frank's BBQ Grill, a long-established restaurant that has successfully served the Waterbury market for over 27 years. The restaurant building is leased at $6,000 per month under a long-term lease, providing stable income.
The property also includes a second income-producing office/retail building currently leased on a month-to-month basis, offering investors the flexibility to increase rental income to market rates or reposition the space as opportunities arise. Situated on a prominent corner lot with two curb cuts and exposure to approximately 10,000 vehicles per day, the property offers excellent visibility and accessibility.
This is an excellent opportunity for investors seeking stable in-place income with value-add potential through the second building's flexible tenancy.
Investment highlights
- Building 1: ±2,132 SF restaurant plus ±600 SF basement/storage area
- Building 2: ±3,780 SF office/retail building
- Restaurant tenant serving Waterbury for 27 years
- Restaurant lease in place through January 1, 2036
- Building 2 leased below market on a month-to-month basis
- Opportunity to increase rental income in Building 2
- Corner commercial site with two existing curb cuts
- Approximately 8,300 vehicles per day
- Ideal investment or owner-user opportunity
- Total annual income: $132,000
- Total operating expenses: $35,213.62
- Current NOI: $96,786.38
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Zoning
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
