33 Willow St. & 39 Willow St. 33 Willow St 8 Unit Apartment Building $1,500,000 ($187,500/Unit) 7.70% Cap Rate Waterbury, CT 06710

EXECUTIVE SUMMARY

Prime Investment Opportunity!! 33 & 39 Willow Street, Waterbury. This mixed-use investment features a fully operational pizza restaurant, storefront, hall, and nine residential apartments, offering strong income potential. King Pizza at 33 Willow Street is a well-established eatery known for its classic and specialty pizzas, grinders, gyros, and Indian-Pakistani dishes, attracting a diverse customer base. Located in a high-visibility area with steady foot traffic and easy access to I-84 & Route 8, this property ensures consistent tenant demand. With immediate rental income and room for expansion or redevelopment, investors can enhance units, expand commercial space, or optimize revenue. Ample parking adds convenience for residents and businesses. Nearby attractions include the Palace Theater, Mattatuck Museum, Waterbury Green, Brass Mill Center, and Timexpo Museum, making this an attractive location for tenants and customers. This property offers investors, business owners, and developers long-term value and growth potential. **Being sold as a package** (Full Basement, Unfinished area 2788 Sq Ft per town records)

PROPERTY FACTS

Price $1,500,000
Price Per Unit $187,500
Sale Type Investment
Cap Rate 7.70%
No. Units 8
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.12 AC
Building Size 28,455 SF
No. Stories 3
Year Built 1900
Parking Ratio 0.8/1,000 SF
Cross Streets Grove St
Opportunity Zone Yes
Zoning CBD - Central Business District

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 8 - -
Walk Score®
Very Walkable (84)

PROPERTY TAXES

  • Listing ID: 35316465

  • Date on Market: 3/31/2025

  • Last Updated:

  • Address: 33 Willow St, Waterbury, CT 06710