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 The property is currently vacant, and the prior healthcare license is no longer active.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: 17
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
Agent Name: Brenda Wilson
Agent Phone:
Agency Title: Coldwell Banker Choice Properties
Brenda Wilson
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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 brenda-wilson.coldwellbankerchoice.com today.