Turn-Key Historic
For Sale
Contact for pricing
21 Leavenworth St, Waterbury, CT 06702
Historic landmark restaurant offered fully equipped and turn-key in the central business district.
Property Size4,259 SF
Price / SF$111.53
Days on Market228
Property Features for 21 Leavenworth St
General Information
Standard status
Active
Size
4,259 SF
Property subtype
Retail
Zoning
CBD
Building Details
Year Built
1868
Year Renovated
2024
Listing Agency:
Giglio Commercial Real Estate
Listed By:
Dom Giglio · License #CT REB0788299
(203) 755-0030
Source:
Crexi
Added: Mar 9
Changed: Oct 7
Last Checked: Oct 20 at 6:22PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Giglio Commercial Real Estate
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Investment Insights
Based on property information with market context.
This for-sale restaurant opportunity is a historic landmark and is offered fully equipped and turn-key. The property is set up as an operating restaurant, providing an immediate start for a qualified buyer.
The restaurant is located at 21 Leavenworth St in Waterbury’s central business district, positioned for visibility and convenience within the area’s core.
With a total size of 4,259 square feet, this offering is designed for continuity of operations as a restaurant asset.
The restaurant is located at 21 Leavenworth St in Waterbury’s central business district, positioned for visibility and convenience within the area’s core.
With a total size of 4,259 square feet, this offering is designed for continuity of operations as a restaurant asset.
Key Highlights
- Historic landmark restaurant
- Year built: 1868
- Offered fully equipped and turn‑key
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,995
Cap Rate
8.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$819,900
$819.9K
Cap Rate 7%
$585,643
$585.6K
Cap Rate 9%
$455,500
$455.5K
Market Conditions
NOI Build-Up for 4,259 SF
Gross rent
$58.8K $13.80/SF
− Vacancy
−$4.1K −$0.97/SF
EGI
$54.7K $12.83/SF
− OpEx
−$13.7K −$3.21/SF
NOI
$41.0K $9.63/SF
Area
Waterbury, CT
Vacancy
7.00%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$819,900
Cap Rate 7%
$585,643
Cap Rate 9%
$455,500
Alternative Uses
Best Use
Specialty Retail
$585.6K
$512.4K – $683.3K
NOI $40,995 @ 7.0% cap · market cap 8.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.13M
$988.9K – $1.32M
NOI $79,115 @ 7.0% cap · market cap 16.66%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,717
Businesses Nearby
173k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 52%
Dining 25%
Apparel 17%
Hotels & Casinos 6%
Five Below
Shops & Services
31,326 visits/mo
0.5 miles
DICK'S Sporting Goods
Apparel
30,074 visits/mo
0.5 miles
Dunkin' Donuts
Dining
23,411 visits/mo
0.2 miles
Chili's Grill & Bar
Dining
20,070 visits/mo
0.5 miles
Barnes & Noble
Shops & Services
13,355 visits/mo
0.4 miles
Demographics for 06702, CT
3,882
Population
1,910
Households
2
Avg Household Size
45
Median Age
8%
College-Educated
69%
High-School Grad
0.7 sq mi
ZIP Area
5,546
Density / Sq Mi
$16,198
Median Household Income
$15,833
Median Earnings
$720
Median Rent
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Historic landmark restaurant offered fully equipped and turn-key in the central business district.
Where is this conventional restaurant located?
The property is located at 21 Leavenworth St Waterbury, CT.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Historic landmark restaurant; Year built: 1868; Offered fully equipped and turn‑key
