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$ 4,750,000
Est. payment /mo
Active
44 Abbott Terrace Waterbury, CT 06702
93,086 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 93,086 sqft
Price per Sqft $51
MLS Listing ID 24162472
Year Built 1986
Annual Tax Amount $408,521
Lot Size 1.950 Acres
Property Description
Exceptional opportunity to acquire a ~93,000 SF institutional building located at 44 Abbott Terrace in Waterbury. Formerly operated as a skilled nursing facility, this expansive, elevator-served property offers significant potential for adaptive reuse or redevelopment. The building features an existing residential-style layout with numerous rooms, common areas, commercial kitchen infrastructure, and full mechanical systems already in place-providing a strong foundation for conversion to multifamily, affordable housing, assisted living, behavioral health, or other institutional uses. Recent capital improvements include a new roof installed in 2019, helping reduce near-term capital expenditure requirements. Situated within a CBD-zoned area, the property benefits from a central location with access to local amenities, transit, and a dense surrounding population. Preliminary analysis suggests the potential to support a high-density residential conversion. The property is currently vacant, and the prior healthcare license is no longer active. Offered at $4,750,000 (~$51/SF), this represents a compelling basis opportunity for investors and developers seeking scale and value-add potential.
Location
State CT
County New Haven
Zoning CBD
Interior
Interior Features Elevator, Fire Suppression System, Freight Elevator, Handicap Design, Security System
Heating Gas on Gas, Hot Air
Cooling Central Air
Exterior
Parking Features Paved
Utilities Available Electric, Gas
Roof Type Flat,Membrane
Building
Lot Description On Cul-De-Sac
Story 5
Sewer Public Sewer Connected
Water Public Water Connected
Listed by Kyle Neumann • Houlihan Lawrence
NEARBY SCHOOL & BUSINESS