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Listed price in listed location currency (USD).
$4,750,000

0080

MLS® 24162472

Overview

Key Facts

Type 
Levels Commercial Lease
Size -
Garage 
Date Available 
Days Active 22
Lot Size 
Approx. Age 1986
MLS® Number 24162472

Property Address: 44 Abbott Ter, Waterbury, CT, 06702-1431

Average square foot calculated using Size range provided by listing agent.

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 The property is currently vacant, and the prior healthcare license is no longer active.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.
MLS® Number24162472
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1986
Basement
DrivewayPaved
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Leased YetSold Price

For Rent

Mar 26, 2026List Date
$4,750,000List Price

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