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389 Meadow St 70,545 SF 100% Leased Flex Building Waterbury, CT 06702 $4,950,000 ($70.17/SF)



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
Amenities
- Fenced Lot
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Fairly walkable
50/100
Exceptionally drivable
100/100
Strong public transit
80/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | WATE-000273-000018-000031 | Improvements Assessment | $1,660,960 |
| Land Assessment | $151,550 | Total Assessment | $1,812,510 |
Property Taxes
Parcel Number
WATE-000273-000018-000031
Land Assessment
$151,550
Improvements Assessment
$1,660,960
Total Assessment
$1,812,510
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389 Meadow St
