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Full details for Other For Sale in Waterbury, Connecticut

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Description

Welcome to Russell Place, a well-maintained 29,000+ sq. ft. Professional & Residential Building. This building has been newly zoned for 12 residential apartments. Currently, the 1st floor is professionally leased with positive cash flow and with established long-term tenants. The 2nd and 3rd floors have been recently approved for 12 residential apartments. Architectural plans are available. The Lot to the right of the building is included and has approval potential for an additional 24 residential units, currently being used as additional parking. The property currently has a positive cash flow with only the 1st-floor units leased. The building was renovated in 2019, with a central air loop, grounds upgraded, and a newer roof. Plenty of onsite parking lots are available for tenants and guests with convenient ingress and egress points along the main road. Perfectly located at the intersection of RT8 and I-84, minutes to shopping, dining, banking, and public transportation. Back to listing