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    Wolcott Street Office/Retail Building Title is generated by Realmo AI

    447 Wolcott Street, Waterbury, CT 06705

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    For Sale
    $350,000

    2,284 SF office/retail building on busy Wolcott Street.

    Type:Commercial
    Property size:
    2,284 SF
    Lot size:
    0.18 Acres
    Price / SF:
    $153/SF
    Added:
    Mar 3, 2026
    Days on Market:
    94
    Last Refresh:
    Apr 5 at 9:19 pm

    Property Features for 447 Wolcott Street

    General Information

    Standard status
    Active
    Size
    2,284 SF
    Lot size
    0.18 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1950

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    Listing Contact
    PAM FAMIGLIETTI

    Listing agent PAM FAMIGLIETTI License #RES.0767352

    Listing office William Raveis Real Estate

    Listing date Mar 3, 2026

    Source Corcoran

    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 William Raveis Real Estate

    HighLights

    • High‑visibility location on busy Wolcott Street.
    • 2,284 SF well‑maintained office/retail building.
    • Handicap‑accessible main level with open area.
    • Flexible space with multiple offices and conference areas on two floors.
    • Unique cathedral‑style third‑floor office with lounge.
    • Opportunity to purchase adjacent 1.55 acres for expanded parking or development.

    Overview

    This well-maintained 2,284 SF building is located on busy Wolcott Street. The handicap-accessible main level features a spacious open area suitable for reception or retail use, a conference room, a private office, a kitchenette, and a half bath. The second floor provides additional private offices, a conference area, and another half bath, offering flexible space. The third floor includes a cathedral-style office with a lounging area. The adjacent landowner is offering the properties on either side of the building totaling 1.55 acres, presenting an opportunity for expanded parking or future development. This property offers possibilities for business growth in a high-traffic location and is suitable for a variety of professional or business needs.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $48.0k $21.00
    − Vacancy −$8.6k −$3.78
    EGI $39.3k $17.22
    − OpEx −$9.8k −$4.31
    NOI $29.5k $12.92
    2,284 SF · lease $21.00/SF/yr · vacancy 18.00% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $421.4K
    $368.7K – $491.6K (±1% cap)
    NOI $29,498 @ 7.0% cap · market cap 8.43%
    Second Best
    Retail
    $275.9K
    $241.4K – $321.8K (±1% cap)
    NOI $19,310 @ 7.0% cap · market cap 5.52%
    Theoretical Best
    Office A
    $606.1K
    $530.4K – $707.1K (±1% cap)
    NOI $42,428 @ 7.0% cap · market cap 12.12%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    G S Regan ... Insurance Agency MGM Insurance LLC Insurance Agency

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Waterbury
    County
    New Haven
    State
    Connecticut
    Longitude
    -73.0155
    Latitude
    41.5548

    FAQs

    What type of property is this?
    Office building - 2,284 SF office/retail building on busy Wolcott Street.
    Where is this office building located?
    The property is located at 447 Wolcott Street Waterbury, CT.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: High‑visibility location on busy Wolcott Street.; 2,284 SF well‑maintained office/retail building.; Handicap‑accessible main level with open area.
    More about this property
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