343 West Main Street

About Property

Exceptional mixed-use investment opportunity Downtown featuring three contiguous parcels totaling 0.42 acres with 26,948 SF of GLA. The offering includes two mixed-use buildings (343-367 West Main St & 495 Meadow St, Waterbury) plus a 31-car parking lot (367 West Main St), providing strong infrastructure for both residential and commercial tenancy. The property consists of 6 ground-level commercial units with stable, long-term tenants, and 21 residential apartments with a unit mix of (3) one-bedroom, (16) two-bedroom, and (2) three-bedroom units. Residential occupancy has historically remained high, reflecting consistent rental demand. Many units have been updated with modern flooring, fixtures, renovated kitchens, and baths. Capital improvements include a newer flat rubber roof, vinyl replacement windows, and mostly newer high-efficiency gas boilers. Utilities are separately metered and tenant-paid, helping to minimize owner expenses. A building-wide fire prevention system further enhances safety and compliance. This well-maintained asset combines diversified income streams, strong parking capacity, and proven occupancy performance, making it a compelling addition to any investment portfolio. Ideally situated with convenient access to I-84 and Route 8, the property is close to Downtown, the UCONN Waterbury campus, shopping, restaurants, and public transportation, making it highly attractive to both residential and commercial tenants.
Listed by Oxford Realty, Amanda Faroni-Sheehan. Data sourced from SmartMLS