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Wolcott Street Office/Retail Building

447 Wolcott St, Waterbury, CT 06705

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For Sale

$350,000

Well-maintained office/retail building on busy Wolcott Street.

Type:Commercial

Property size:

2,284 SF

Price / SF:

$153/SF

HighLights

High‑visibility location on busy Wolcott Street.
Handicap‑accessible main level suitable for office or retail.
Flexible space with multiple private offices and conference areas across three floors.
Unique cathedral‑style third‑floor office with a lounging area.
Opportunity to purchase adjacent properties totaling 1.55 acres for expanded parking or development.
Well‑maintained 2,284 SF building.

We can help!

Listing Contact

Pam Famiglietti

Learn more

For Sale

$350,000

Well-maintained office/retail building on busy Wolcott Street.

Type:Commercial

Property size:

2,284 SF

Price / SF:

$153/SF

Added:: Apr 24, 2026
Days on Market:: 50
Last Refresh:: Apr 24 at 4:25 pm

Property Features for 447 Wolcott St

General Information

Standard status: Active
Size: 2,284 SF
Property subtype: Commercial

Building Details

Year Built: 1950

We can help!

Listing Contact

Pam Famiglietti

Listing agent Pam Famiglietti License #RES.0767352

Listing office William Raveis Real Estate

Listing date Apr 24, 2026

Source Elliman

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.
Handicap‑accessible main level suitable for office or retail.
Flexible space with multiple private offices and conference areas across three floors.
Unique cathedral‑style third‑floor office with a lounging area.
Opportunity to purchase adjacent properties totaling 1.55 acres for expanded parking or development.
Well‑maintained 2,284 SF building.

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 for various professional or business needs. The third floor includes a unique cathedral-style office with a comfortable lounging area. The location has a walk score of 61, indicating it is somewhat walkable, a bike score of 33, indicating it is somewhat bikeable, and a transit score of 33, indicating some transit options are available. The property is suitable for office or retail use and offers possibilities for business growth in a high-traffic location.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

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.

Location Intelligence

Current Use by Public Records

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

Suggested Use

Location Insight

Map
Local Demand

City: Waterbury
County: New Haven
State: Connecticut
Longitude: -73.0155354
Latitude: 41.5548366

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For sale
Office buildings
CT
Waterbury
06705
447 Wolcott St

What type of property is this?

Office building - Well-maintained office/retail building on busy Wolcott Street.

Where is this office building located?

The property is located at 447 Wolcott St 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.; Handicap‑accessible main level suitable for office or retail.; Flexible space with multiple private offices and conference areas across three floors.