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428 W Main St 15,000 SF 100% Leased Retail Building Waterbury, CT 06702 $3,350,208 CAD ($223.35 CAD/SF)



EXECUTIVE SUMMARY
Unlock the potential of this high-traffic commercial property! This 39-room motel at 428 West Main Street, Waterbury, sits in a prime location with excellent visibility and access to I-84 and Route 8, ensuring a steady flow of guests. With significant income potential, this property is ideal for an investor looking to maximize returns. The motel offers a variety of room styles, including single-bed rooms, double-bed rooms, and Jacuzzi suites, catering to both short-term and extended-stay guests. An on-site laundry facility adds convenience for both guests and management, enhancing operational efficiency. Strategically located on a bustling thoroughfare, this property benefits from steady traffic and proximity to key attractions. The Waterbury Mall, major retailers, and various restaurants are just minutes away, providing added convenience for visitors. Cultural and entertainment destinations like the Timexpo Museum and Palace Theater draw tourists, while the scenic Naugatuck River Greenway offers outdoor recreation. With ample parking, a functional layout, and opportunities for rebranding or repositioning- such as an extended-stay or boutique concept- this property presents tremendous upside potential. Whether you're looking to enhance operations or transform the space, this investment offers a rare opportunity to capitalize on a well-located asset with room for growth.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
15,000 SF
Building Class
C
Year Built
1925
Price
$3,350,208 CAD
Price Per SF
$223.35 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.11
Lot Size
0.31 AC
Opportunity Zone
Yes
Zoning
CBD
Parking
12 Spaces (0.8 Spaces per 1,000 SF Leased)
Frontage
Walk Score®
Very Walkable (85)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | WATE-000253-000054-000077 | Improvements Assessment | $1,035,948 CAD |
| Land Assessment | $69,908 CAD | Total Assessment | $1,105,855 CAD |
PROPERTY TAXES
Parcel Number
WATE-000253-000054-000077
Land Assessment
$69,908 CAD
Improvements Assessment
$1,035,948 CAD
Total Assessment
$1,105,855 CAD
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428 W Main St
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