What’s in This Article
Key Takeaways
- A 10,000 SF industrial unit is available for lease at $7.50 per SF NN, inside a fully sprinklered 34,000 SF building at 123 Union City Rd, Prospect, CT.
- The same building is also available for sale as an occupied investment, income already in place from the leased portion.
- The available unit was most recently a cabinet shop: roughly 2,000 SF of finished office, a spray booth, and a dust collection system already installed.
- Loading on the available unit is 4 docks, one interior, plus a drive-in door. Building-wide loading is 4 docks and 8 drive-in doors.
- The property sits in the Naugatuck Valley industrial corridor.
Most industrial listings ask a buyer or tenant to choose one path before they’ve seen the building. This one doesn’t. 123 Union City Rd in Prospect is a 34,000 SF building with income already in place, and a 10,000 SF unit inside it, previously a cabinet shop, available to lease on its own.
The Opportunity: Lease or Buy
There are two ways into this property. A tenant can lease the available 10,000 SF unit at $7.50 per SF NN, stepping into a space that already has a spray booth and dust collection system installed, infrastructure that would otherwise take real time and capital to build out before opening. An investor can instead buy the full 34,000 SF building, which already produces income from the portion under lease, and inherit the same vacant unit as upside rather than a problem to solve.
What’s Inside the Available Unit
The 10,000 SF unit carries roughly 2,000 SF of finished office space, with the remaining 8,000 SF as open production area. It was most recently operated as a cabinet shop, and the spray booth and dust collection system from that use are already in place, suited to a woodworking, fabrication, or finishing operation that would otherwise need to build that infrastructure from scratch.
Loading on the unit is three docks, one of them interior, plus a drive-in door, giving flexibility for both pallet traffic and over-the-road trucks. The building overall is fully sprinklered.
The Building as an Investment
For a buyer looking at the whole 34,000 SF building rather than just the available unit, the property is offered as an income-producing investment with tenants already in place. The vacant 10,000 SF unit is the upside, not a vacancy risk to underwrite around, since a buyer can acquire the building occupied and already cash-flowing, then either lease the remaining space or occupy it directly.
Building-wide, loading totals four docks and eight drive-in doors, more capacity than the available unit alone suggests, relevant to a buyer evaluating the building’s full industrial function rather than just the one space.
An investor comparing this opportunity against other industrial buildings should apply the same cap rate math used across any income property: net operating income divided by price. See our cap rate explainer for how that works and why two listings quoting the same cap rate aren’t always directly comparable. Ask Commercial Connection for the building’s current rent roll and operating statement to run those numbers on this specific property.
Location: Naugatuck Valley Industrial Corridor
123 Union City Rd sits in Prospect, inside Connecticut’s Naugatuck Valley industrial corridor, a cluster of industrial activity along the Route 8 and Route 63 corridors spanning Naugatuck, Waterbury, Prospect, and the surrounding towns. The corridor has a long industrial history and a supply of older, smaller-footprint buildings like this one, which tend to suit businesses that don’t need the ceiling heights or column spacing of a new-construction big-box warehouse.
Central Connecticut industrial vacancy, Hartford and New Haven counties combined, stood at 4.5% in Q2 2026, up from 4.2% a year earlier, the highest level since 2021, per Cushman & Wakefield’s tracking. For a tenant, that means more real options than the market had in 2024. For an investor, it means underwriting a realistic re-lease timeline for the vacant unit rather than assuming instant absorption. See our Q4 2026 market outlook for the full picture.
This property sits in the same broader Naugatuck Valley corridor as Salem Square, a mixed-use commercial property in neighboring Naugatuck, though the two are separate, unrelated listings. Both illustrate the kind of activity moving through this corridor right now.
Industrial lease or investment sale
Tour 123 Union City Rd
Lease the 10,000 SF unit, buy the full 34,000 SF building as an occupied investment, or ask about both. Commercial Connection represents the property and can walk you through either path.
Commercial Connection has commercial and industrial properties across Connecticut and represents buyers and tenants looking for them. Licensed in CT and MA, established 2001.
Frequently Asked Questions
What’s included in the $7.50/SF NN rate?
The $7.50 per SF rate is NN, meaning the tenant pays a share of taxes and insurance on top of base rent, with the landlord covering structural maintenance. Confirm the exact NN charges with Commercial Connection before signing.
Is the building multi-tenant?
No. 123 Union City Rd is one building, not a property with multiple separately subdivided suites. The available 10,000 SF unit and the leased portion of the building sit inside the same structure.
Can the vacant unit and the building be purchased together?
Yes. The full 34,000 SF building, including the vacant 10,000 SF unit, is offered for sale as an occupied investment. A buyer can acquire the whole property rather than leasing the unit separately.
What was the available unit used for most recently?
A cabinet shop. The unit still has its spray booth and dust collection system in place, which suits a similar woodworking, fabrication, or finishing use without that infrastructure needing to be built new.
Related reading on this site
- Industrial outdoor storage in the Naugatuck Valley
- CT industrial vacancy in 2026: a tenant’s guide
- Buying a warehouse: the complete guide
- How much does it cost to rent a warehouse in Connecticut?
This article describes a property Commercial Connection represents. It is not an offer and does not substitute for a property tour or direct confirmation of pricing and terms. Information current as of October 7, 2026.
