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42-58 Bank St, Waterbury, Ct
Waterbury, CT 06702
Retail Property For Sale
Investment Highlights
- Heavy Daylight Traffic
- Bank Tenant
- Option to Build Apartment or Retail Store
Executive Summary
42–58 Bank Street comprises two interconnected commercial buildings totaling 23,280 SF in Waterbury, Connecticut’s downtown district. The property is positioned along the city’s Central Business District retail corridor with direct access to Interstate 84 and Route 8. It is approximately 1.2 miles from the Waterbury Train Station and 1.3 miles from Saint Mary’s Hospital, with additional proximity to UConn’s Waterbury Campus and municipal offices. The surrounding area includes government offices, healthcare facilities, retail services, and residential neighborhoods. Great for owner use 2nd and 3rd floor after renovation. Great For Development with 2nd Floor & 3rd Floor, Nail salon, Skin Care, Beauty salon, Yoga studio...any business. Develop apartment building. Possible Build out Mix Use for Convert Apartment on 2.3 Floor with Just Heating System, Chambers of
Commerce will grant renovation expense.
Commerce will grant renovation expense.
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
23,280 SF
Building Class
C
Year Built
1950
Price
$999,000
Price Per SF
$42.91
Cap Rate
6.45%
NOI
$64,420
Percent Leased
80%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.05
Lot Size
0.26 AC
Opportunity Zone
Yes
Zoning
CBD - Is designed to foster high-intensity, walkable, and mixed-use urban centers. These zones prioritize a blend of retail, commercial, office, and residential uses, often featuring multi-story, dense development, while protecting historical, cultural.
Frontage
70’ on Bank St
Amenities
- Bus Line
- Signage
Property Taxes
| Parcel Numbers | Improvements Assessment | $375,270 | |
| Land Assessment | $130,690 | Total Assessment | $505,960 |
Property Taxes
Parcel Numbers
Land Assessment
$130,690
Improvements Assessment
$375,270
Total Assessment
$505,960
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