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42-54 Bank St
Waterbury, CT 06702
 Retail Property For Sale

Mixed Use Properties Connecticut Waterbury 42-54 Bank St, Waterbury, CT 06702

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INVESTMENT HIGHLIGHTS

  • Currently Franchise Tenant
  • Possible Build out Mix Use for Convert Apartment on 2.3 Floor with Just Heating System, Chambers of Commerce will grant renovation expense.
  • Great For Development with 2nd Floor & 3rd Floor, nail salon, hair beauty salon, Yoga studio...any business.-

EXECUTIVE SUMMARY

Prime Investment Opportunity, Currently Franchise Tenant( Bank of America, Legendary Smoke, Dancing School) Value Add and Development with Renovation and installation of Heating System at 2nd Floor and 3rd Floor. Great Potential, Possible to get Cap Rate 14% or more. Chambers of Commerce will grant renovation expense.

PROPERTY FACTS

Sale Type
Investment
Sale Conditions
1031 Exchange
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
16,440 SF
Building Class
C
Year Built
1950
Price
$1,750,000
Price Per SF
$106.45
Cap Rate
1.58%
NOI
$27,640
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.70
Lot Size
0.14 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
CBD
Frontage
69’ on Bank St

AMENITIES

  • Bus Line
  • Signage

PROPERTY TAXES

Parcel Number WATE-000274-000011-000086 Improvements Assessment $290,220
Land Assessment $70,910 Total Assessment $361,130

PROPERTY TAXES

Parcel Number
WATE-000274-000011-000086
Land Assessment
$70,910
Improvements Assessment
$290,220
Total Assessment
$361,130
 

  • Listing ID: 27470715

  • Date on Market: 1/9/2023

  • Last Updated:

  • Address: 42-54 Bank St, Waterbury, CT 06702

More public record information on 42-54 Bank St, Waterbury, CT 06702

The Downtown Waterbury Retail Property at 42-54 Bank St, Waterbury, CT 06702 is currently available. Contact Promise Realty LLC for more information.

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