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572 Watertown Ave
Waterbury, CT 06708
Retail Property For Sale
Investment Highlights
- Restaurant Building Leased at $6,000/Month Through 2036
- ±0.90-Acre Corner Commercial Property with Two Curb Cuts
- Current Annual Rental Income of Approximately $132,000
- Additional Income-Producing Office/Retail Building with Value-Add Potential
- Big Frank's BBQ Grill – Established Waterbury Landmark for 27 Years
Executive Summary
This investment opportunity consists of a ±0.90-acre commercial property improved with two income-producing buildings. The primary building is occupied by Big Frank's BBQ Grill, a long-established restaurant that has successfully served the Waterbury market for over 27 years. The restaurant building is leased at $6,000 per month under a long-term lease, providing stable income.
The property also includes a second income-producing office/retail building currently leased on a month-to-month basis, offering investors the flexibility to increase rental income to market rates or reposition the space as opportunities arise. Situated on a prominent corner lot with two curb cuts and exposure to approximately 10,000 vehicles per day, the property offers excellent visibility and accessibility.
This is an excellent opportunity for investors seeking stable in-place income with value-add potential through the second building's flexible tenancy.
The property also includes a second income-producing office/retail building currently leased on a month-to-month basis, offering investors the flexibility to increase rental income to market rates or reposition the space as opportunities arise. Situated on a prominent corner lot with two curb cuts and exposure to approximately 10,000 vehicles per day, the property offers excellent visibility and accessibility.
This is an excellent opportunity for investors seeking stable in-place income with value-add potential through the second building's flexible tenancy.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
5,912 SF
Building Class
C
Year Built
1966
Price
$1,799,000
Price Per SF
$304.30
Cap Rate
5.38%
NOI
$96,786
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.15
Lot Size
0.90 AC
Zoning
CA - C-A Commercial – Allows a broad range of retail, restaurant, office, and commercial uses.
Parking
25 Spaces (4.23 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
Property Taxes
| Parcel Number | WATE-000195-000736-000009 | Improvements Assessment | $336,980 |
| Land Assessment | $235,900 | Total Assessment | $572,880 |
Property Taxes
Parcel Number
WATE-000195-000736-000009
Land Assessment
$235,900
Improvements Assessment
$336,980
Total Assessment
$572,880
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