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44 Abbott Ter - Abbott Terrace Health Center 129,884 SF Health Care Building Offered at $4,750,000 at a 25% Cap Rate in Waterbury, CT 06702
Executive Summary
Opportunity
Large-scale institutional asset offered below replacement cost. Existing infrastructure supports adaptive reuse across multiple sectors including healthcare, housing, and institutional use.
Property Overview
Multi-story elevator-served building with former 200+ bed configuration, commercial kitchen, and extensive mechanical systems.
Investment Highlights
Attractive basis at ~$51/SF versus replacement cost of $250–$400/SF. Large-scale asset with flexible redevelopment potential.
Large-scale institutional asset offered below replacement cost. Existing infrastructure supports adaptive reuse across multiple sectors including healthcare, housing, and institutional use.
Property Overview
Multi-story elevator-served building with former 200+ bed configuration, commercial kitchen, and extensive mechanical systems.
Investment Highlights
Attractive basis at ~$51/SF versus replacement cost of $250–$400/SF. Large-scale asset with flexible redevelopment potential.
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- Market Information
Property Facts
| Price | $4,750,000 | Lot Size | 1.95 AC |
| Price Per Bed | $23,171 | Building Size | 129,884 SF |
| Sale Type | Investment or Owner User | No. Beds | 205 |
| Cap Rate | 25% | No. Stories | 4 |
| Sale Condition | REO Sale | Year Built/Renovated | 1986/1991 |
| Property Type | Health Care | Parking Ratio | 0.61/1,000 SF |
| Property Subtype | Skilled Nursing Facility | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | CBD | ||
| Price | $4,750,000 |
| Price Per Bed | $23,171 |
| Sale Type | Investment or Owner User |
| Cap Rate | 25% |
| Sale Condition | REO Sale |
| Property Type | Health Care |
| Property Subtype | Skilled Nursing Facility |
| Building Class | C |
| Lot Size | 1.95 AC |
| Building Size | 129,884 SF |
| No. Beds | 205 |
| No. Stories | 4 |
| Year Built/Renovated | 1986/1991 |
| Parking Ratio | 0.61/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | CBD |
Amenities
- Wheelchair Accessible
- Backup Power / Generators
1 1
Moderately walkable
60/100
Very drivable
80/100
Good public transit
70/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | WATE-000275-000015-000033 | Improvements Assessment | $8,542,730 |
| Land Assessment | $539,560 | Total Assessment | $9,082,290 |
Property Taxes
Parcel Number
WATE-000275-000015-000033
Land Assessment
$539,560
Improvements Assessment
$8,542,730
Total Assessment
$9,082,290
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44 Abbott Ter - Abbott Terrace Health Center
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