195 Freight St

Investment Highlights

Executive Summary

Redevelopment opportunity for this 1.82 acre property with a 34,000sf former warehouse in the CBD zone of Downtown Waterbury. Some permitted uses are Retail, Dining, Multifamily, Medial, Office, School, Daycare and Gym. Located across the street is a 20 acre parcel to be developed with the Work,Live,Play theme being promoted. There is a bicycle path now and plans and grants offered for economic development. Property faces newly paved Jackson Street and is 1/4 mile from the RT84 and RT8 mix master. The Metro North Train Station is a 2 minute walk. This property has two units to be leased. The social club in the center is currently leased. The two available spaces are a 12,200sf space with 21ft ceilings and a loading dock on the right side and a 6,000 sf space with 17ft ceilings and a loading dock on the left side available for lease at $8.00sf triple net. Any tenants signing a two year lease are eligible for both of the city of Waterbury Grant Programs that will match up to $100,000 for the build out and up to $100,000 for equipment costs.

• Sale Type    Investment or Owner User
• Sale Conditions    1031 Exchange 1031 Exchange Redevelopment Project 1031 Exchange
• Property Type    Retail
• Property Subtype    Bar
• Building Size    34,000
• Building Class    C
• Year Built    1948
• Price    2,499,000
• Price Per SF    74
• Cap Rate    5.35
• NOI    133,750
• Percent Leased    Vacant
• Tenancy    Multiple
• Building Height    1 Story
• Loading Docks    6 Exterior
• Building FAR    0.43
• Land Acres    1.80 AC

• Signage