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57-61 S Main St 11,944 SF 95% Leased Retail Building Waterbury, CT 06706 $690,000 ($57.77/SF) 6.70% Cap Rate
Investment Highlights
- Heavy Daytime Foot Traffic
- Owner Use Space Available
Executive Summary
Great Investment Retail Store on CBD, 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.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$67,200
|
$5.63
|
| Other Income |
$8,400
|
$0.70
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$75,600
|
$6.33
|
| Taxes |
$12,948
|
$1.08
|
| Operating Expenses |
$8,000
|
$0.67
|
| Total Expenses |
$20,948
|
$1.75
|
| Net Operating Income |
$54,652
|
$4.58
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $67,200 |
| Annual Per SF | $5.63 |
| Other Income | |
|---|---|
| Annual | $8,400 |
| Annual Per SF | $0.70 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $75,600 |
| Annual Per SF | $6.33 |
| Taxes | |
|---|---|
| Annual | $12,948 |
| Annual Per SF | $1.08 |
| Operating Expenses | |
|---|---|
| Annual | $8,000 |
| Annual Per SF | $0.67 |
| Total Expenses | |
|---|---|
| Annual | $20,948 |
| Annual Per SF | $1.75 |
| Net Operating Income | |
|---|---|
| Annual | $54,652 |
| Annual Per SF | $4.58 |
Property Facts
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
11,944 SF
Building Class
C
Year Built
1900
Price
$690,000
Price Per SF
$57.77
Cap Rate
6.70%
NOI
$46,251
Percent Leased
95%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
2.00
Lot Size
0.14 AC
Opportunity Zone
Yes
Zoning
CBD - Central Business District
Frontage
83’ on Main St
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Yu Beauty Supply
- Retailer
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Yu Beauty Supply | Retailer | - | - | - |
Moderately walkable
70/100
Exceptionally drivable
100/100
Exceptional public transit
90/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | WATE-000294-000012-001011 | Total Assessment | $298,760 |
| Land Assessment | $47,810 | Annual Taxes | $12,948 ($1.08/SF) |
| Improvements Assessment | $250,950 | Tax Year | 2025 |
Property Taxes
Parcel Number
WATE-000294-000012-001011
Land Assessment
$47,810
Improvements Assessment
$250,950
Total Assessment
$298,760
Annual Taxes
$12,948 ($1.08/SF)
Tax Year
2025
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57-61 S Main St