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Redevelopment Opportunity in CBD 47-49 Leavenworth St 29,594 SF 100% Leased Office Building Waterbury, CT 06702 $5,344,599 CAD ($180.60 CAD/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 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
$5,344,599 CAD
Price Per SF
$180.60 CAD
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 | $1,202,466 CAD |
| Land Assessment | $475,039 CAD | Total Assessment | $1,677,505 CAD |
Property Taxes
Parcel Number
WATE-000294-000270-000024
Land Assessment
$475,039 CAD
Improvements Assessment
$1,202,466 CAD
Total Assessment
$1,677,505 CAD
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Redevelopment Opportunity in CBD | 47-49 Leavenworth St
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