Two Tenant Retail | 581 Chase Ave
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Two Tenant Retail 581 Chase Ave
3,072 SF 100% Leased Retail Building Waterbury, CT 06704 For Sale
Investment Highlights
- Two Fully-Occupied Retail Buildings Situated on 1.18 Acres
- Strong Mix of Service-Based Tenants | Near Term Expiration Dates
- Proximity to On/Off Ramps to James H Darcey Memorial Hwy
- Positioned at the Hard Corner Signalized Intersection of Chase
- Adjacent to Nottingham Towers | 165-Unit Multi-Family Complex
- Fantastic location along Chase Ave.
Executive Summary
Two Fully-Occupied Retail Buildings Situated on 1.18 Acres
Positioned at the Hard Corner Signalized Intersection of Chase Avenue and Cooke Street | Combined Traffic Counts Exceed (33,046 CPD+)
Strong Mix of Service-Based Tenants | Near Term Expiration Dates
Adjacent to Nottingham Towers | 165-Unit Multi-Family Complex
Proximity to On/Off Ramps to James H Darcey Memorial Hwy
Bank of America Has Over 48 Years at This Location and Has Nine, 5-Year Options Available with CPI Increases
Bank of America Branch Deposits Exceed $308,000,000 | Dual Lane Drive-Thru Equipped
Excellent Visibility with Frontage and Signage Along Chase Avenue Which Has Over 25,500 VPD+
Strong Demographics with Over 152,778 Residents Within a 5-Mile Radius of the Subject Property and Growing
Average Household Income within 5-Mile Radius Exceeds $73,633
Neighboring National Retailers Include: Target, Stop N Shop, CVS, McDonald's, Starbucks, Dunkin, Taco Bell, Wells Fargo, Burger King, Popeye's, Shell and Many More
Positioned at the Hard Corner Signalized Intersection of Chase Avenue and Cooke Street | Combined Traffic Counts Exceed (33,046 CPD+)
Strong Mix of Service-Based Tenants | Near Term Expiration Dates
Adjacent to Nottingham Towers | 165-Unit Multi-Family Complex
Proximity to On/Off Ramps to James H Darcey Memorial Hwy
Bank of America Has Over 48 Years at This Location and Has Nine, 5-Year Options Available with CPI Increases
Bank of America Branch Deposits Exceed $308,000,000 | Dual Lane Drive-Thru Equipped
Excellent Visibility with Frontage and Signage Along Chase Avenue Which Has Over 25,500 VPD+
Strong Demographics with Over 152,778 Residents Within a 5-Mile Radius of the Subject Property and Growing
Average Household Income within 5-Mile Radius Exceeds $73,633
Neighboring National Retailers Include: Target, Stop N Shop, CVS, McDonald's, Starbucks, Dunkin, Taco Bell, Wells Fargo, Burger King, Popeye's, Shell and Many More
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,072 SF
Building Class
B
Year Built
1976
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.05
Lot Size
1.45 AC
Zoning
CG
Parking
20 Spaces (7.42 Spaces per 1,000 SF Leased)
Amenities
- Pylon Sign
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | WATE-000102-000975-000451 | Improvements Assessment | $540,890 |
| Land Assessment | $294,420 | Total Assessment | $835,310 |
PROPERTY TAXES
Parcel Number
WATE-000102-000975-000451
Land Assessment
$294,420
Improvements Assessment
$540,890
Total Assessment
$835,310
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Two Tenant Retail | 581 Chase Ave
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