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Property Description
The property located at Grove St & Cook St is a prime grocery-anchored investment opportunity featuring a brand-new Food Universe supermarket under a 25-year lease through July 15, 2048, providing long-term, stable cash flow. Food Universe is backed by Key Food Stores Co-operative Inc., a nationally recognized grocery operator with a strong network and established credit profile, supporting a highly reliable tenancy. The asset benefits from exceptional visibility and accessibility, positioned on a prominent corner with convenient access to I-84 and Route 8, and features strong site functionality including ample parking (51 spaces) and a loading dock. The surrounding area continues to strengthen, highlighted by a newly completed 44 unit residential development directly across the street, driving built-in customer traffic. Additionally, the property is located within both a federally designated Opportunity Zone and an Enterprise Zone, offering potential tax incentives and enhanced after-tax return potential. Overall, the asset offers a compelling combination of long-term contractual income, strong tenant credit support, prime visibility, and public incentive benefits in a growing supermarket.
Features
Heating System:
Gas On Gas
Cooling System:
No
Foundation Type:
Concrete
Flooring:
Concrete
Interior Features:
Loading – Dock Height
Fireplaces Total:
0
Parking Total Spaces:
51
Location:
Highway Access, Downtown, Shopping Mall
Lot Description:
Corner Lot
Water Source:
Public Water Connected
Address Map
Street:
Grove
Street Number:
96
Floor Number:
0
Longitude:
W74° 57′ 2.2”
Latitude:
N41° 33′ 57.1”
MLS Addon
Office Name:
Titanium Real Estate Group,LLC
Agent Name:
Hitomi Batista
List Agent MLSID:
BATISTAH
List Office MLSID:
13168
Tax Year:
July 2025-June 2026
Directions:
GIS Corner of Grove St and Cook St
HOA Fee Amount:
$0
Parcel Number:
1379637
Property Tax:
$48,725
Zoning:
CG

Commercial For Sale

96 Grove, Waterbury, 06710

0 Bedrooms
0 Bathrooms
17,180 Sqft
$4,500,000
Listing ID #24166907
Basic Details
Property Type :
Commercial For Sale
Listing Type :
For Sale
Listing ID :
24166907
Price :
$4,500,000
Bedrooms :
0
Baths Total :
1
Bathrooms :
0
Half Bathrooms :
1
Square Footage :
17,180 Sqft
Year Built :
2016
Lot Area :
1.04 Acre
City:
Waterbury
Zipcode:
06710
Agent info
RE/MAX Right Choice
43 South Main Street, Newtown CT 06470
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A full-time agent with RE/MAX for 17 years. Marketing Business Degree WCSU. Volunteer Danbury Hospital. RE/MAX Executive Club. Read More…