Back to Search

Turnkey Commercial Plaza Investment Opportunity

500 Bank St, Waterbury, CT 06708

View on Map

For Sale

$1,200,000

Fully leased 5-unit commercial plaza in high-traffic area.

Type:Commercial

Property size:

6,582 SF

Price / SF:

$182/SF

HighLights

High 8% Cap Rate: Exceptional return on investment.
Fully Leased with Established Tenants: Turnkey operation with 100% occupancy.
Prime, High‑Traffic Location: Situated on busy Bank Street with excellent exposure.
Well‑Maintained 6,582 Sq Ft Commercial Building: Pride of ownership is evident.
Five Fully Leased Units: Diversified income stream.
Dedicated Parking: Includes 10 dedicated parking spaces.

We can help!

Listing Contact

Rosania Melo

Learn more

For Sale

$1,200,000

Fully leased 5-unit commercial plaza in high-traffic area.

Type:Commercial

Property size:

6,582 SF

Price / SF:

$182/SF

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

Property Features for 500 Bank St

General Information

Standard status: Active
Size: 6,582 SF
Property subtype: Commercial

Building Details

Year Built: 1990

We can help!

Listing Contact

Rosania Melo

Listing agent Rosania Melo

Listing office Rosana Melo Realty

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 Rosana Melo Realty

HighLights

High 8% Cap Rate: Exceptional return on investment.
Fully Leased with Established Tenants: Turnkey operation with 100% occupancy.
Prime, High‑Traffic Location: Situated on busy Bank Street with excellent exposure.
Well‑Maintained 6,582 Sq Ft Commercial Building: Pride of ownership is evident.
Five Fully Leased Units: Diversified income stream.
Dedicated Parking: Includes 10 dedicated parking spaces.

Overview

This 6,582 sq ft commercial building is a turnkey, income-producing property located in a prime, high-traffic area. The property features five fully leased units with established tenants, providing immediate and stable cash flow. The property is 100% occupied and has a strong 8% cap rate. There are 10 dedicated parking spaces. The location benefits from heavy foot and vehicle traffic and is surrounded by thriving local businesses, offering high visibility on busy Bank Street. The surrounding commercial activity keeps the area active and growing, making this an ideal addition to any investor's portfolio. The location has a walk score of 72, indicating it is very walkable, a bike score of 37, indicating it is somewhat bikeable, and a transit score of 39, indicating some transit options are available.

Location Intelligence

Current Use by Public Records

Sun Kee Kitchen Restaurant Anthony's Barber & Style ... Barber Shop Carousel Farms Food Market Sullivan's Discount Liquors Specialty Food Shop ADRIANA'S CAFE LLC Restaurant

Suggested Use

Similar Places Nearby

Old but New — 233 Congress Ave #1, Waterbury, CT 06708
500 Bank Street Center — 500 Bank St, Waterbury, CT 06708
One Exchange Place — 21 W Main St, Waterbury, CT 06702
Tanya Clark — 64 e liberty st, waterbury, ct 06706

Location Insight

Map
Local Demand

City: Waterbury
County: New Haven
State: Connecticut
Longitude: -73.0439773
Latitude: 41.5494551

Nearby Similar for Sale

$850,000

7,510 SF

Four-Story Restaurant & Bar Building

Four-story hospitality property with remodeled dining space, currently operating a restaurant and bar in a CBD downtown setting.

26 N Main Street, Waterbury, CT 06702

View Details
$1,100,000

15,974 SF

Retail Strip Mall with Multiple Tenants

Multi-tenant strip mall includes multiple retail and service users with parking for 55 cars.

1014 Meriden Road, Waterbury, CT 06705

View Details
$749,000

3,676 SF

Historic Three-Unit Multifamily Building

Three well-appointed units with updated kitchens, central air, hardwood floors, and separate utilities in an early-1900s property.

124 Pine Street, Waterbury, CT 06710

View Details
$599,500

3,027 SF

Three-Unit Multifamily with Detached Garage

Three-family property with enclosed porches, patio, and a detached 3-car brick garage, plus an included extra lot.

160 Edson Avenue, Waterbury, CT 06705

View Details
$715,000

4,024 SF

Mixed-Use Apartment Building with Retail

Four compact apartments and a street-level retail space, with renovated interiors and systems and unoccupied units ready for leasing.

49 Hill Street, Waterbury, CT 06704

View Details
$715,000

4,024 SF

Renovated Mixed-Use Income Property

Two-building asset combines street-level retail with five compact apartments, with renovations and multiple units ready to rent.

49 Hill Street, Waterbury, CT 06704

View Details
$574,995

1,668 SF

Turnkey Renovated Multi-Family Home

Completely renovated income property with new interiors, kitchens, baths, and updated systems for straightforward occupancy or rental.

849 Frost Road, Waterbury, CT 06705

View Details
$749,900

5,200 SF

Waterbury Multifamily Investment Opportunity

Six renovated units in two buildings with off-street parking.

38 Green Street, Waterbury, CT 06708

View Details
$549,900

3,754 SF

Permitted 14-Unit Rooming House

Fully occupied 14-unit rooming house with 5-bay garage, common tile bathrooms, and controlled access security systems.

34 Mitchell Avenue, Waterbury, CT 06710

View Details
$1,149,900

5,934 SF

11-Unit Apartment Building

Eleven separately metered units with electric heat and hot water, plus recent roof, siding, and interior updates.

133 Hillside Avenue, Waterbury, CT 06710

View Details
$299,900

3,909 SF

Spacious Two-Family Corner Lot

Restoration opportunity on a spacious corner lot.

76 Chapman Avenue, Waterbury, CT 06710

View Details
$525,000

2,938 SF

Well-Maintained Multifamily Property

Income-generating three-family home near highway, shopping, and schools.

41 Diane Terrace, Waterbury, CT 06705

View Details

For sale
Shopping centers
CT
Waterbury
06708
500 Bank St

What type of property is this?

Shopping center - Fully leased 5-unit commercial plaza in high-traffic area.

Where is this shopping center located?

The property is located at 500 Bank St Waterbury, CT.

What is the asking price?

The asking price for this property is $1,200,000.

What are key features of this property?

This property features: High 8% Cap Rate: Exceptional return on investment.; Fully Leased with Established Tenants: Turnkey operation with 100% occupancy.; Prime, High‑Traffic Location: Situated on busy Bank Street with excellent exposure.

500 Bank St, Waterbury, CT 06708

Fully leased 5-unit commercial plaza in high-traffic area.

Property Features for 500 Bank St

General Information

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Similar Places Nearby

Location Insight

Nearby Similar for Sale

Four-Story Restaurant & Bar Building

Retail Strip Mall with Multiple Tenants

Historic Three-Unit Multifamily Building

Three-Unit Multifamily with Detached Garage

Mixed-Use Apartment Building with Retail

Renovated Mixed-Use Income Property

Turnkey Renovated Multi-Family Home

Waterbury Multifamily Investment Opportunity

Permitted 14-Unit Rooming House

11-Unit Apartment Building

Spacious Two-Family Corner Lot

Well-Maintained Multifamily Property

FAQs

Create New Password