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Redevelopment Opportunity in CBD 47-49 Leavenworth St 29,594 SF 100% Leased Office Building Waterbury, CT 06702 $3,900,000 ($131.78/SF)
Investment Highlights
- Re-Development Opportunity in Waterbury’s Central Business District
- -/+ 90 Parking Spaces; Paved; Off-Street
- Long-Term Upside
- Three-Stories with 29,594 SF
- Offers easy access to Metro-North Railroad, the city’s central bus terminal and major highways
Executive Summary
AMAZING opportunity in the heart of downtown Waterbury. This three-story office building offers 29,594 SF with a 2014 facade update, an attractive lobby featuring classic Waterbury architectural detail, a working elevator, and a fire monitoring system with sprinklers. A standout feature is the expansive -/+ 90 car parking lot-providing rare convenience for tenants and visitors, with strong potential for additional income or future monetization. Located within the Central Business District / Economic Development zone, the property may qualify for a range of incentives (subject to approvals), including redevelopment grants, potential tax relief programs, tenant improvement funding, and other federal, local, state economic development support. The location offers excellent accessibility to Metro-North, the central bus terminal, and major highways, positioned within an area seeing ongoing public and private investment. Well-suited for a variety of uses including office, medical, professional services, retail, or potential mixed-use/residential conversion. A versatile asset with significant redevelopment potential, incentive upside, and long-term value for investors or owner-users.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Building Size
29,594 SF
Building Class
B
Year Built/Renovated
1900/2020
Price
$3,900,000
Price Per SF
$131.78
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
9,865 SF
Slab To Slab
8’
Building FAR
0.92
Lot Size
0.74 AC
Opportunity Zone
Yes
Zoning
CBD - This property sits within a designated Economic Development / Central Business District.
Parking
90 Spaces (3.04 Spaces per 1,000 SF Leased)
Amenities
- Security System
- Signage
1 1
Moderately walkable
70/100
Very drivable
80/100
Exceptional public transit
90/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | WATE-000294-000270-000024 | Improvements Assessment | $877,450 |
| Land Assessment | $346,640 | Total Assessment | $1,224,090 |
Property Taxes
Parcel Number
WATE-000294-000270-000024
Land Assessment
$346,640
Improvements Assessment
$877,450
Total Assessment
$1,224,090
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Redevelopment Opportunity in CBD | 47-49 Leavenworth St
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