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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
Storefront Retail/Residential
Building Size
5,863 SF
Building Class
C
Year Built/Renovated
1900/2020
Price
$767,305 CAD
Price Per SF
$130.87 CAD
Cap Rate
7.46%
NOI
$57,273 CAD
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

Webster Bank
Chili's Grill & Bar
Buffalo Wild Wings
Td Bank
Key Food
Bank of America

Property Taxes

Property Taxes

Parcel Number
WATE-000367-000680-000079
Land Assessment
$32,422 CAD
Improvements Assessment
$223,537 CAD
Total Assessment
$255,959 CAD
  • Listing ID: 41637142

  • Date on Market: 2026-08-10

  • Last Updated:

  • Address: 868-872 Bank St, Waterbury, CT 06708

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