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57-61 S Main St 11,944 SF 100% Leased Retail Building Waterbury, CT 06706 For Sale
Investment Highlights
- Commercial Retail: The ground floor is anchored by Yus Beauty Supply, a stable retail tenant. Additionally, the property features a small retail suite
- Tenants pay all utilities, lease information can be provided upon request.
- Institutional Hub: The property is steps away from the University of Connecticut’s Waterbury Campus, Post University, and various government and munic
- Residential Component: The upper level currently houses an existing apartment, providing immediate residential income and benefiting from the high dem
- Redevelopment Opportunity: A major highlight of this asset is the potential for redevelopment. The upper-level footprint offers a compelling opportuni
- Regional Connectivity: The site offers excellent accessibility via Interstate 84 and Route 8, providing direct links to Hartford, New Haven, and the b
Executive Summary
57–61 South Main Street offers a compelling mixed-use investment within Waterbury’s Central Business District. Positioned on a highly visible urban infill site along one of the city’s primary commercial corridors, this property provides an established income stream from ground-floor retail tenancy and an upper-floor residential unit. Current occupants include Yus Beauty Supply and an additional retail suite, ensuring steady cash flow and daytime foot traffic consistent with downtown activity.
In addition to strong in-place income, the property presents significant value-add potential. The existing residential footprint creates opportunities for unit expansion or conversion, aligning with the city’s ongoing downtown revitalization and rising demand for urban housing. Utilities are reimbursed by tenants, contributing to operational efficiency and predictable expense pass-throughs.
The location provides direct connectivity to Interstate 84 and Route 8, supporting convenient access to Hartford, New Haven, and the greater New York metropolitan region. Proximity to regional employers, multiple healthcare systems, and educational institutions reinforces both retail traffic and residential demand, further strengthening stability and long-term upside for investors.
In addition to strong in-place income, the property presents significant value-add potential. The existing residential footprint creates opportunities for unit expansion or conversion, aligning with the city’s ongoing downtown revitalization and rising demand for urban housing. Utilities are reimbursed by tenants, contributing to operational efficiency and predictable expense pass-throughs.
The location provides direct connectivity to Interstate 84 and Route 8, supporting convenient access to Hartford, New Haven, and the greater New York metropolitan region. Proximity to regional employers, multiple healthcare systems, and educational institutions reinforces both retail traffic and residential demand, further strengthening stability and long-term upside for investors.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
11,944 SF
Building Class
C
Year Built
1900
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
3.05
Lot Size
0.09 AC
Opportunity Zone
Yes
Zoning
CBD - Central Business District
Frontage
83’ on Main St
Moderately walkable
70/100
Exceptionally drivable
100/100
Exceptional public transit
90/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | WATE-000294-000012-001011 | Improvements Assessment | $250,950 |
| Land Assessment | $47,810 | Total Assessment | $298,760 |
Property Taxes
Parcel Number
WATE-000294-000012-001011
Land Assessment
$47,810
Improvements Assessment
$250,950
Total Assessment
$298,760
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57-61 S Main St
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