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Chase Pky - Hotel Development Opportunity, I-84 Exposure 5.64 Acres of Commercial Land Offered at $2,538,000 in Waterbury, CT 06708
Investment Highlights
- Adjacent to a 91-Guest Rooms Hampton Inn Hotel
- Strong Local Employment Base and consistent demand from healthcare, educational, and business travelers
- Frontage & Access: Easy ingress/egress from Chase Parkway; direct access to I-84
- Site Plan for Hotel Development
- Zoning: Commercial Office (CO)
- Proposed Use: Site plan available for a new-build hotel with ample parking and visibility
Executive Summary
Rare opportunity to acquire a 5.64± acre development parcel in a prime Waterbury location, immediately adjacent to the Hampton Inn and with excellent visibility from I-84. The site offers strong potential for hotel development and is equally compelling as a multifamily development opportunity, benefiting from convenient highway access, nearby employment and educational anchors, and close proximity to downtown Waterbury’s retail, dining, and entertainment amenities.
Located less than ¼ mile from Exits 17 and 18 off Interstate 84, the property provides exceptional regional connectivity. Area demand drivers include Brass Mill Center, Mattatuck Museum, Naugatuck Valley Community College, Post University, UConn Waterbury, and Lake Compounce, located approximately 15 miles away.
Zoned Commercial Office (CO), the property permits a variety of commercial uses, subject to municipal approvals.
Located less than ¼ mile from Exits 17 and 18 off Interstate 84, the property provides exceptional regional connectivity. Area demand drivers include Brass Mill Center, Mattatuck Museum, Naugatuck Valley Community College, Post University, UConn Waterbury, and Lake Compounce, located approximately 15 miles away.
Zoned Commercial Office (CO), the property permits a variety of commercial uses, subject to municipal approvals.
Property Facts
1 Lot Available
Lot 29
| Price | $2,538,000 | Lot Size | 5.64 AC |
| Price Per AC | $450,000.00 |
| Price | $2,538,000 |
| Price Per AC | $450,000.00 |
| Lot Size | 5.64 AC |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
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Chase Pky - Hotel Development Opportunity, I-84 Exposure
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