Technical
Financial
Distress signals
Property profile

425 Bank St Waterbury, CT 06706

FOR SALE
Super regional malls
Property ID
US15-0516303
69,104 SF 5.84 ac lot Built 1998
Individually Owned 28-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional Waterbury, CT retail property, located at 425-475 Bank Street, offers 69,100 square feet of space, currently 62.3% occupied. The single-story, 1998-built building features a mix of grocery store, shopping center, and storefront uses, making it ideal for owner-users or investors. With a net rentable area of 26,040 square feet available, this multi-tenant property presents a significant opportunity. Its prime location boasts high visibility from major roadways, including I-84 and the James H. Darcey Memorial Highway, ensuring excellent accessibility. The surrounding area includes established retailers such as Home Depot and Dunkin' Donuts, along with family-friendly attractions and other supporting businesses, creating a vibrant and convenient shopping environment. The property's strategic location and existing tenancy make it an attractive investment in a thriving commercial hub. The asking price is $6,500,000. This presents a strong opportunity for an owner-occupant seeking additional space or an investor looking to capitalize on a well-positioned asset in a high-traffic area of Waterbury, Connecticut, zip code 06708. The property's proximity to restaurants and gas stations further enhances its appeal to both customers and employees. Don't miss this chance to secure a prominent retail presence in a dynamic and successful location.

Property profile

Verified
Property type Super regional malls
Use group REGIONAL SHOPPING CENTER, MALL
Year built 1998
Total area 69,104 SF
Lot 5.84 ac (254,390 SF)
Zoning code CA
APN WBRY M:0319 B:0277 L:0004
UPID US15-0516303

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Tour Operator Campground & RV Park

Location

425 Bank St Waterbury, CT 06706
Waterbury metro Census 351900 NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.26M

Owner & transaction history

since 1997
2 recorded transactions
1997
$5.4M
1969
Price N/A

Zoning & alternative use

CA · Waterbury, CT
Zoning description

The intent of this zone is to promote arterial commercial district uses

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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