WATERBURY – Horvath & Tremblay, which has an office in Shelton, has listed the mixed-use 1900 E. Main St. building for $1.35 million.
The three-story building, which is owned by Eastern Expansion LC of Brookfield, is the home of Briana Mini Market and The Cave as well as 10 residential units. It consists of eight two-bedroom/one-bathroom units and two one-bedroom/one-bathroom units with 12,348 square feet of living area in 13,748 square feet of gross area on a 0.2-acre corner parcel. It also has 10 on-site parking spaces at the rear of the property.
The property was appraised by the City of Waterbury for $1.27 million.
1900 E Main Street is located in a densely populated neighborhood in Waterbury’s East End. The Property is 0.35 miles from I-84 and is close to Wolcott Street, Reidville Drive and Union Street, the area’s primary commercial corridors which are home to countless national and local retailers and restaurants.
With below-market rents, there is an opportunity to increase rents to market rates increasing the income of the property. The opportunity also exists to drive rental rates through improved management and programmatic upgrades to the remaining unrenovated unit interiors.
