44 Abbott Terrace, Waterbury, CT 06702
sale
$4,750,000
|
Other
Courtesy Of Neumann Real Estate
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 The property is currently vacant, and the prior healthcare license is no longer active.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.
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Property Features
- Age: 31-40 Years Old
- Amenities: Disabled Access
- Amenities: Security System
- Cooling System: Central Air
- Floors: 5
- Heating System: Natural Gas
- MLSID: 24162472
- Parking Spaces: 80
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