255 Bank St | Waterbury, CT 06702
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- LoopNet Team
255 Bank St
Waterbury, CT 06702
Cash-Flowing Office Building with Value-Add · Office Property For Sale
Investment Highlights
- 255 Bank Street is a four-story office building in Downtown Waterbury, comprised of 43,306 rentable square feet.
- The property is a fully occupied, cash flowing asset with value-add potential through rent increases and leasing the available storage units.
- Waterbury's office submarket boasts a low vacancy rate and heightened rental rates, signs of a revitalizing CBD.
- Located in an enterprise zone - opportunity for capital gains tax abatement.
- Conveniently located near I-84 and the Waterbury train station, allowing convenient commutes to downtown.
- Leading industries in the area include higher education, healthcare, manufacturing, and financial services.
PROPERTY FACTS
Sale Condition
Auction Sale
Property Type
Office
Building Size
44,454 SF
Building Class
C
Year Built
1986
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
11,114 SF
Slab To Slab
12’
Building FAR
1.65
Lot Size
0.62 AC
Zoning
CBD - Central Business District
Parking
46 Spaces (1.03 Spaces per 1,000 SF Leased)
Amenities
- Banking
- Bus Line
- Air Conditioning
zoning
| Zoning Code | CBD (Central Business District) |
| CBD (Central Business District) |
PROPERTY TAXES
| Parcel Number | WATE-000319-000274-000601 | Improvements Assessment | $1,715,350 |
| Land Assessment | $219,590 | Total Assessment | $1,934,940 |
PROPERTY TAXES
Parcel Number
WATE-000319-000274-000601
Land Assessment
$219,590
Improvements Assessment
$1,715,350
Total Assessment
$1,934,940
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