SQUARE FEET93,086
MLS#24162472
STATUSActive
PROPERTY TYPECommercial - Business
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 The property is currently vacant, and the prior healthcare license is no longer active.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.
Property Features
Property Type: Commercial - Business
Cooling: Central Air
Fuel Type: Natural Gas
Heating: Gas on Gas, Hot Air
Lot Size: 1.95 Acres
Roof Type: Flat, Membrane
Stories: 5.0
Taxes: $408,521
Year Built: 1986
Amenities
Elevator
Fire Suppression System
Freight Elevator
Handicap Design
Security System
Feature Descriptions
Days on Site: 6
Lot: On Cul-De-Sac
Parking Spaces: 80
Potential Use: Redevelopment
Present Use: Nursing Facility
Road Type: Cul-De-Sac
Sewer: Public Sewer Connected
Units: 205
Utility Features: Electric, Gas
Water: Public Water Connected
Listed By / Shown By
Listing By
Agency Name: Houlihan Lawrence
Agency Phone: (203) 4380455
Agent Name: Kyle Neumann
Shown By
Agency Title: Coldwell Banker Choice Properties
Agency Phone: 833-88-CHOICE (2-4642)
Broker Headquarters, 621 Columbia St. Suite 800, Cohoes, NY 12047
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The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. . Copyright 2021 SmartMLS, Inc.
Privacy Policy / DMCA Notice / ADA Accessibility
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44 Abbott | MLS# 24162472
This commercial property located at 44 Abbott , Waterbury, CT 06702 is currently listed for sale with an asking price of $4,750,000. Search Waterbury real estate on www.coldwellbankerchoice.com today.