1387 Watertown Avenue , Waterbury, CT 06708
Waterbury, CT 06708
Description
(COMMISSION AGENT LEASE OFFERING) This modern gas station and 3,500-square-foot convenience store is located on a high-traffic corridor in Waterbury, CT, with approximately 16,300 vehicles passing daily. The property features six fueling pumps with 12 dispensers, including diesel, and a convenience store recently expanded to include a walk-in humidor and a fully renovated interior. A dedicated deli/quick service restaurant (QSR) space, equipped with a hood, grill, fryers, hot cases, and a TurboChef oven (valued at approximately $50,000), offers flexibility for the tenant to utilize the space or sublease it for an additional income. An LOI for $3,500 per month is already in place, contingent on the new tenant's approval. Lease terms include $450,000 key money, a 10-year lease, and a $0.05 commission per gallon. The property is scheduled to rebrand from Citgo to an unbranded station in August 2025, creating a significant opportunity to increase both fuel and in-store sales. This turn-key operation, with its prime location, modern amenities, and growth potential, is an ideal opportunity for an experienced operator looking to maximize profitability. Prospective tenants must sign a Non-Disclosure Agreement (NDA) with the listing agent before the property address and additional details can be disclosed.
Details
| MLS# | 24065334 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Year | 2020 |
| Days On Site | 119 |
| Listing Provided By | Regency Real Estate, LLC | Islam Ahmad |
Features
| SQ Feet | 3,500 |
|---|---|
| Zoning | CA |
| Acreage | 1.89 |
Market Activity 06708
Request a showing
Request a showing
Contact
Learn More About This Property
| State | CT |
|---|---|
| County | New Haven |
| City | Waterbury |
| Zip Code | 06708 |
| Area | New Haven |
| Listing VS Median (In 06708) | |
Price: $15,000 low | high Med: $274,900 SqFt: 3,500 low | high Med: 1,440 $ / SqFt: $4 low | high Med: $191 On site: 119 low | high Med: 111.000000 | |