425 Bank St, Waterbury, CT 06706
For Sale
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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.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CA · Waterbury, CTWaterbury. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.