Two-Building Multi-Tenant Retail

581 Chase Ave, Waterbury, CT

Market Price

Price

8,508 sqft

Building Size

1.18 acres

Lot Area

Overview
Building Size
8,508 sqft
Lot Area
1.18 acres
Year Built
1976
Description

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Located in southwestern Connecticut in vibrant New Haven County, Waterbury offers the excitement of a bustling urban center within the natural beauty of the region. Waterbury has a population of 114,403 as of the 2020 Census. The city is 33 miles southwest of Hartford and 77 miles northeast of New York City. Waterbury is the largest city in the Naugatuck Valley Planning Region and second-largest city in New Haven County.

Conveniently situated along several major expressways, Waterbury has easy access to transportation throughout the area. Route 8 runs directly through town, leading to Torrington to the north, and Naugatuck and Bridgeport to the south. I-84 is a multi-lane highway that also passes through the city center, leading to Hartford to the northeast, and Danbury to the southwest, while also providing a connection to Massachusetts and New York. Just south of the area, Route 68 leads east to Cheshire, Durham, and Middletown. Meanwhile, Waterbury is also home to a Metro-North railroad station, allowing travelers to reach downtown Manhattan in just over two hours.

Originally settled in 1674 as the colony of Mattatuck, the city now known as Waterbury was officially incorporated in 1853. The area has a rich history as a major industrial center, with factories powered by the nearby Naugatuck River making the city famous for manufacturing clocks and brass. In fact, Waterbury’s metal industry was once so world-renowned that it became known as “the Brass Capital of the World” during the 19th century, and remains known as “the Brass City” to this day. The town has also been home to numerous notable figures throughout its history, including scientist Robert Gallo, photographer Annie Leibovitz, and actor Dylan McDermott.

Highlights
  • Two Fully-Occupied Buildings Situated on 1.45 Acres
  • Positioned at the Signalized Intersection of Chase Avenue and Cooke Street
  • Strong Mix of Service-Based Tenants with Staggering Expiration Dates
  • Bank of America Has Over 48 Years at This Location and Has Nine, 5-Year Options Available
  • Excellent Visibility with Frontage and Signage Along Chase Avenue Which Has Over 25,500 VPD
  • Strong Demographics with Over 152,000 Residents Within a 5-Mile Radius of the Subject Property

Location