Redevelopment in Central Business District

Located in the Heart of Downtown

• Three-story office building offering 3-stories and 29,594 SF with updated façade (2014), front lobby with Waterbury architecture, working elevator and fire monitoring system with sprinklers. A rare and valuable asset, the property includes an expansive -/+ 90 car parking lot—offering exceptional convenience for tenants and guests while creating a strong opportunity for additional income or future monetization.

Central Business Distric

• This property sits within a designated Economic Development / Central Business District, which may open the door to a range of incentives (subject to approvals), including: 1. Redevelopment and construction grant opportunities; 2. Possible real estate tax relief or phased assessment programs; 3. Funding assistance for tenant improvements and facade upgrades; 4. Workforce development and business expansion incentives and 5. Support from local and state economic development programs. Incentives may be available through the Waterbury Development Corporation, the City of Waterbury, and various State of Connecticut initiatives, depending on project scope and use.

Easily Accessible Location

• Conveniently located in downtown Waterbury, the property offers easy access to Metro-North Railroad, the city’s central bus terminal, and major highways. It’s positioned within an evolving corridor that continues to see both public and private investment.

Great Position for Re-Development

• This space lends itself well to a variety of commercial or mixed-use concepts, such as a residential conversion (multi-unit), business like law, medical, dental, or wellness facility and a variety of retail possibilities.

Location Highlights

• Located in the heart of New Haven County, Waterbury offers a compelling blend of affordability, accessibility, and long-term growth potential. The city is located on the Naugatuck River, 33 miles southwest of Hartford and 77 miles northeast of New York City. Known as the “Brass City,” Waterbury has a rich industrial history that continues to shape a diverse housing stock and a resilient local economy.
• Strategically positioned along Interstate 84 and Route 8, Waterbury provides convenient access to major employment hubs including Hartford, New Haven, and the greater Fairfield County market. Metro-North rail service further enhances commuter appeal, connecting residents to regional job centers while maintaining a lower cost of entry than surrounding cities.
• From a real estate perspective, Waterbury presents strong fundamentals for both investors and owner-occupants. The city features a wide range of property types—single-family homes, multifamily assets, mixed-use buildings, and value-add opportunities. Consistent rental demand is driven by healthcare, education, manufacturing, and service-sector employment, anchored by major institutions such as Waterbury Hospital and Post University.
• Ongoing revitalization efforts, downtown investment, and public-private redevelopment initiatives continue to enhance neighborhood appeal and stabilize long-term values. Combined with favorable rent-to-price ratios, Waterbury remains an attractive market for cash-flow-oriented investors while offering attainable homeownership for residents priced out of nearby metros.
• The area is characterized by a mix of commercial, residential, and civic buildings, creating a dynamic urban environment that attracts diverse demographics and foot traffic.