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Office-Retail Building with Multi-Level Offices

447 Wolcott Street Waterbury, CT 06705

447 Wolcott Street, Waterbury, CT, 06705
$285,000
For Sale
Claim this Listing
$285,000

Well-maintained multi-level office and retail building with handicap-accessible main floor and flexible private office suites.

Property Size2,284 SF
Price / SF$124.78
AddedJun 11
Days on Market36
Last RefreshJul 15 at 6:42 pm

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

Listing date Jun 11, 2026

Source Xome

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


Investment Insights

Based on property information with market context.

This well-maintained office/retail building offers a multi-level layout designed for a range of business uses. The handicap-accessible main level includes a spacious open area suitable for reception or retail, along with a conference room, private office, kitchenette, and a half bath. The second floor adds additional private offices, a conference area, and another half bath, providing more separation for teams or client-facing functions. On the third floor, the space features a cathedral-style office with a dedicated lounging area, adding character and flexibility for executive or specialized work.

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
2,284 SF · lease $13.20/SF/yr · vacancy 8.50% · expense 30.00%

Alternative Uses

Best Use
Office B
$421.4K
$368.7K – $491.6K (±1% cap)
NOI $29,498 @ 7.0% cap · market cap 10.35%
Second Best
Retail
$275.9K
$241.4K – $321.8K (±1% cap)
NOI $19,310 @ 7.0% cap · market cap 6.78%
Theoretical Best
Office A
$606.1K
$530.4K – $707.1K (±1% cap)
NOI $42,428 @ 7.0% cap · market cap 14.89%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

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

Suggested Use

Law Firm Accounting Firm (Bike/Boat/Book/etc) Store Storage Facility Locksmith Acupuncture Garden Center Plumbing Service Nursing Home Home Appliance Store

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

FAQs

What type of property is this?
Office building - Well-maintained multi-level office and retail building with handicap-accessible main floor and flexible private office suites.
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 $285,000.
What are key features of this property?
This property features: 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
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