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425 Union St 152,149 SF Retail Building Waterbury, CT 06706 For Sale
Executive Summary
Atlantic Capital Partners has been exclusively engaged to market for sale At Brass Mill Center, a former Sears
anchor to Brass Mill Center in Waterbury, Connecticut. Situated in the commercial core of Connecticut’s fifth largest city, the asset offers a compelling redevelopment opportunity to reimagine one of the most significant
parcels along the Union Street corridor, the primary retail artery of the Naugatuck Valley. The subject
property is part of a regional mall that draws from a dense trade area with a local population of over 174,627
people within a 5-mile radius earning average household incomes exceeding $88,520.
Totaling ±130,029 square feet across two levels, approximately 62,237 SF on the lower level and 67,792
SF on the upper level, and a 22,120 SF auto center, At Brass Mill Center is presently unencumbered by any
tenant leases, affording immediate redevelopment potential. This ±10.33-acre site features direct access from
Interstate 84 (Exit 22) and State Route 8, which together carry over 150,000 vehicles per day through the
heart of the trade area. The property is being offered for sale without a formal asking price, free-and-clear of
existing debt.
anchor to Brass Mill Center in Waterbury, Connecticut. Situated in the commercial core of Connecticut’s fifth largest city, the asset offers a compelling redevelopment opportunity to reimagine one of the most significant
parcels along the Union Street corridor, the primary retail artery of the Naugatuck Valley. The subject
property is part of a regional mall that draws from a dense trade area with a local population of over 174,627
people within a 5-mile radius earning average household incomes exceeding $88,520.
Totaling ±130,029 square feet across two levels, approximately 62,237 SF on the lower level and 67,792
SF on the upper level, and a 22,120 SF auto center, At Brass Mill Center is presently unencumbered by any
tenant leases, affording immediate redevelopment potential. This ±10.33-acre site features direct access from
Interstate 84 (Exit 22) and State Route 8, which together carry over 150,000 vehicles per day through the
heart of the trade area. The property is being offered for sale without a formal asking price, free-and-clear of
existing debt.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Department Store
Building Size
152,149 SF
Building Class
B
Year Built
1999
Tenancy
Single
Building Height
2 Stories
Building FAR
0.34
Lot Size
10.33 AC
Zoning
CA
Parking
735 Spaces (4.83 Spaces per 1,000 SF Leased)
Amenities
- Signage
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
50/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | WATE-000322-000093-000114 | Improvements Assessment | $1,391,393 CAD |
| Land Assessment | $2,558,903 CAD | Total Assessment | $3,950,296 CAD |
Property Taxes
Parcel Number
WATE-000322-000093-000114
Land Assessment
$2,558,903 CAD
Improvements Assessment
$1,391,393 CAD
Total Assessment
$3,950,296 CAD
Contacts
-
Justin Smith -
Jordan Gomez -
Matt Ericson -
Peter Considine -
Sam Varsano -
John Dixon -
Atlantic Capital Partners
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425 Union St
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