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$ 2,400,000
Est. payment | /mo
39 Baths
14,990 SqFt
$ 2,400,000
Est. payment | /mo
39 Baths
14,990 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 14,990 sqft
Price per Sqft $160
MLS Listing ID 24084471
Full Baths 39
Year Built 1925
Annual Tax Amount $38,979
Lot Size 0.310 Acres
Property Description
Unlock the potential of this high-traffic commercial property! This 39-room motel at 428 West Main Street, Waterbury, sits in a prime location with excellent visibility and access to I-84 and Route 8, ensuring a steady flow of guests. With significant income potential, this property is ideal for an investor looking to maximize returns. The motel offers a variety of room styles, including single-bed rooms, double-bed rooms, and Jacuzzi suites, catering to both short-term and extended-stay guests. An on-site laundry facility adds convenience for both guests and management, enhancing operational efficiency. Strategically located on a bustling thoroughfare, this property benefits from steady traffic and proximity to key attractions. The Waterbury Mall, major retailers, and various restaurants are just minutes away, providing added convenience for visitors. Cultural and entertainment destinations like the Timexpo Museum and Palace Theater draw tourists, while the scenic Naugatuck River Greenway offers outdoor recreation. With ample parking, a functional layout, and opportunities for rebranding or repositioning- such as an extended-stay or boutique concept- this property presents tremendous upside potential. Whether you're looking to enhance operations or transform the space, this investment offers a rare opportunity to capitalize on a well-located asset with room for growth.
Location
State CT
County New Haven
Zoning CBD
Interior
Interior Features Employee Lounge, Fire Suppression System, Security System
Heating Zoned
Cooling Central Air, Zoned
Exterior
Exterior Feature Sidewalk, Lighting
Utilities Available Electric, Cable
Roof Type Other
Building
Lot Description Corner Lot, Level Lot
Story 2
Sewer Public Sewer Connected
Water Public Water Connected
Listed by Carmelina Riccitelli • Coldwell Banker Realty
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "