Fulling Mills Commons, a fully tenanted 7,500 SF retail and office plaza at 909 Prospect St in Naugatuck, is under contract for sale at $1,450,000 with a 5.88% cap rate on $85,256 NOI, brokered by Commercial Connection.
Built in 2016 on 1.4 acres, the two-story building combines five ground-floor retail storefronts with second-floor office space across approximately seven leasable units. The ground floor houses Naugatuck Deli, Ploski’s Liquor Store, The Color Boutique, a tattoo parlor, and Talk Therapy with Carolyn Robinson, a diversified tenant mix anchored by everyday-needs retail and recurring-revenue service businesses. Three second-floor office units remain available for lease, providing the new ownership with built-in lease-up upside above the in-place 5.88% return.
Position: 909 Prospect St sits on Route 68, the primary east-west corridor connecting Prospect, Naugatuck, and Middlebury, with daily traffic counts in the 12,000 to 15,000 AADT range. The site is a short drive from Route 8 with easy access north to Waterbury and south through the Naugatuck Valley.
Specs: wood-frame and masonry construction, 30 surface parking spaces (a 4 per 1,000 SF ratio that supports the diverse retail mix), modern interior finishes consistent with 2016 build, commercial zoning with broad use-by-right.
Financials: gross rental income of $126,756 in place, rising to $150,756 at full second-floor occupancy. Annual operating expenses include $28,000 in property taxes, $4,500 in insurance, $6,500 in lawn and snow service, and $2,500 in exterior lighting.
Brokered by Commercial Connection, Connecticut commercial real estate. Inquire about backup-offer status, comparable Naugatuck Valley investment listings, or other active retail strip plaza opportunities.
Retail operators evaluating Naugatuck benefit from 7 SF at 909 Prospect St, supported by direct road frontage and signage visibility from passing traffic. The space suits inline retail, single-tenant operators, or destination retail concepts that draw from a regional trade area. On-site parking covers 30, sufficient for daily turnover and peak shopping windows. Highway access (Route 8, ~0.7 mi to Exit 27) keeps regional shoppers within an easy drive.
Office tenants evaluating Naugatuck can use 7 SF at 909 Prospect St as a single-floor user space or a multi-suite professional layout. The location is workable for legal, accounting, financial advisory, and other professional services serving the Naugatuck trade area. Tenant parking (30) supports daily staff and client volume. Zoning (Commercial) permits general office occupancy.
Mixed-use buyers and tenants in Naugatuck can pair retail, office, or service uses on a single parcel at 7 SF at 909 Prospect St. Zoning (Commercial) supports stacked or side-by-side commercial occupancy without variance. The site suits owner-users who want to combine income from multiple tenants with their own operating space. Shared parking (30) handles the combined customer and staff load.
Reason for Sale
Active investment sale; under contract, accepting backup offers.
Nearby Anchors & Retailers
Naugatuck is a 31,500-resident borough in New Haven County, set in the Naugatuck River valley between Waterbury and Bridgeport. The Rubber Avenue / Route 8 corridor is the borough's commercial spine, supporting a stable mix of retail anchors, regional brands, and family-owned operators. The trade area extends into Beacon Falls, Prospect, and Middlebury, with reliable working- and middle-class household demographics and decades of repeat-customer loyalty to the established centers along the corridor.
3-Mile Radius
Naugatuck (06770): population approx 31,500, median household income approx $69,000; primary trade area along Route 68 and Rubber Ave commercial corridors.
Growth Indicators
Naugatuck adopted Route 68 corridor revitalization plan; Renaissance Place transit-oriented development under construction near downtown rail station.
Naugatuck, CT is a growing market for retail commercial real estate, with storefronts, strip centers, and standalone retail buildings available for lease and sale. Retail space in Naugatuck benefits from strong traffic counts, established consumer demographics, and proximity to major Connecticut highways. Whether you're looking for a turnkey restaurant space, a neighborhood shopping center pad, or a freestanding retail building, Naugatuck's commercial real estate market offers opportunities for businesses of all sizes.
Commercial Connection specializes in retail properties across Naugatuck and surrounding communities in the 06770 area. Contact John Famiglietti at 203-596-7777 to discuss retail space availability, lease terms, and market conditions in Naugatuck, Connecticut.
Or call directly: 203-596-7777
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