447 Wolcott Street Waterbury, CT 06705
Well-maintained multi-level office and retail building with handicap-accessible main floor and flexible private office suites.
Property Features for 447 Wolcott Street
General Information
- Standard status
- Active
- Size
- 2,284 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1950
Listing office (203) 560-0753
Listing date Jun 11, 2026
Source Xome
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Investment Insights
Based on property information with market context.
Located on busy Wolcott Street, the building is positioned for visibility and convenient customer and client access. The property’s configuration supports both professional services and complementary retail activity, with multiple floors offering the ability to right-size space based on evolving operational needs.
For buyers and operators, the building’s combination of reception-ready open space, conference facilities, private offices, and kitchenette makes it practical for office tenants looking for administrative and meeting space, as well as for retail-oriented concepts seeking an interior storefront-style entry. Additionally, the adjacent landowner is offering the properties on either side of the building totaling 1.55 acres for $300,000, which may support expanded parking needs or future development planning.
Key Highlights
- 2,284 SF multi‑level office/retail building on Wolcott Street with handicap‑accessible main level
- Main level includes spacious open area, conference room, private office, kitchenette, and a half bath
- Second floor offers additional private offices, conference area, and another half bath
Local Financial Insights For Retail
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 | $30.1k | $13.20 |
| − Vacancy | −$2.6k | −$1.12 |
| EGI | $27.6k | $12.08 |
| − OpEx | −$8.3k | −$3.62 |
| NOI | $19.3k | $8.45 |