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868-872 Bank St 5,863 SF 100% Leased Retail Building Waterbury, CT 06708 $550,000 ($93.81/SF) 7.46% Cap Rate



Investment Highlights
- Corner Building w/High Visibility
- Separate & Tenant Paid Utilities
- 100% Leased
- On-Street Parking
Executive Summary
Investment opportunity at 872 Bank Street, Waterbury. This six-unit commercial property is 100% occupied, offering an established and stable income stream. The majority of the units are occupied by long-term tenants, demonstrating tenant retention and providing added stability for a new owner. The property also benefits from separate, tenant-paid utilities, helping minimize operating expenses and providing an efficient ownership structure. Positioned along the well-traveled Bank Street commercial corridor, the property offers strong visibility with an estimated 11,300 vehicles per day and convenient access to I-84, Route 8, Downtown Waterbury, and surrounding commercial districts. The location provides excellent connectivity throughout Greater Waterbury and the surrounding region. The Bank Street corridor features a mix of established retail, service businesses, residential density, and commercial uses, supporting consistent local activity and exposure. On-street parking serves the property. With 100% occupancy, a predominantly long-term tenant base, tenant-paid utilities, and a highly visible location, this building offers an attractive opportunity for an investor seeking a stabilized commercial asset with immediate cash flow.
Property Facts
Sale Type
Investment
Sale Condition
Bulk/Portfolio Sale
Property Type
Retail
Property Subtype
Building Size
5,863 SF
Building Class
C
Year Built/Renovated
1900/2020
Price
$550,000
Price Per SF
$93.81
Cap Rate
7.46%
NOI
$41,053
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.96
Lot Size
0.14 AC
Opportunity Zone
Yes
Zoning
CG
Frontage
24’ on Bank St
Amenities
- 24 Hour Access
- Corner Lot
- Tenant Controlled HVAC
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
50/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | WATE-000367-000680-000079 | Improvements Assessment | $160,230 |
| Land Assessment | $23,240 | Total Assessment | $183,470 |
Property Taxes
Parcel Number
WATE-000367-000680-000079
Land Assessment
$23,240
Improvements Assessment
$160,230
Total Assessment
$183,470
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Contact the Sale Advisor
868-872 Bank St
