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Investment Highlights

  • Historic Redevelopment Opportunity Qualifying for State and Federal Tax Credits
  • Plans for 38 Residential Units and First Floor Commercial Space Available
  • Zoning and Historical Approvals in Place

Executive Summary

*For Sale: Waterbury Union Station - Clocktower Building - Premier Redevelopment Opportunity - Shovel Ready** Located in the heart of Waterbury, Connecticut, the iconic Waterbury Clocktower Building presents a unique and exciting redevelopment opportunity. This historic landmark consisting of 70,545 square feet is ready for transformation, with comprehensive plans already completed for its adaptive reuse to 38 residential units, and first floor commercial space including retail, food & beverage, office space, and more. The property is shovel-ready, with all the groundwork laid for a smooth redevelopment process. The building has received zoning compliance from the City of Waterbury and both National Park Service and State Historic Preservation Office approvals for Part 1 and Part 2 Historic Tax Credit applications. Key Features: - Prime location in downtown Waterbury, offering convenient access to local amenities and transportation - Transit-Oriented housing connected to the newly developed MTA line - Completed plans for redevelopment - Full compliance with historical and zoning regulations - Spacious, flexible interior ideal for mixed-use conversion - Strong potential for significant return on investment in a growing, revitalizing area This is an unparalleled opportunity to own and transform a piece of Waterbury's rich history into a vibrant, modern space. Don't miss your chance to be part of the revitalization of this remarkable building!

Property Facts

Price $6,856,790 CAD
Price Per SF $97.20 CAD
Sale Type Investment or Owner User
Sale Condition Redevelopment Project
Property Type
Flex
  • General Retail Restaurant
  • General Retail Storefront Retail/Residential
  • Office Office Residential
Building Class B
Lot Size 2.36 AC
Rentable Building Area 70,545 SF
No. Stories 2
Year Built 1909
Parking Ratio 1.23/1,000 SF
Opportunity Zone Yes
Zoning CBD - A zoning permit has been issued/approved for Mixed Use Building

Amenities

  • Fenced Lot
Fairly walkable
50/100
Exceptionally drivable
100/100
Strong public transit
80/100
Fairly bikeable
40/100

Property Taxes

Property Taxes

Parcel Number
WATE-000273-000018-000031
Land Assessment
$209,929 CAD
Improvements Assessment
$2,300,778 CAD
Total Assessment
$2,510,707 CAD
  • Listing ID: 41949343

  • Date on Market: 2026-08-31

  • Last Updated:

  • Address: 389 Meadow St, Waterbury, CT 06702

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