Office Properties in Waterbury, Connecticut, offer a unique investment opportunity for those looking to tap into the city's rich history and industrial heritage. With a strong presence of manufacturing, education, and healthcare sectors, Office Properties in Waterbury provide a diverse range of investment options. These properties can represent a variety of investments, from single-tenant buildings to multi-tenant complexes, each with its own unique characteristics and potential for growth. Waterbury's strategic location, with easy access to Interstate 84 and Route 8, makes it an attractive destination for businesses and commuters alike. The city's amenities, including the Mattatuck Museum Arts and History Center, Municipal Stadium, and the Brass Mill Center shopping venue, also contribute to its appeal. Additionally, the presence of institutions like Naugatuck Valley Community College, Post University, and the University of Connecticut (Regional Campus / Downtown Waterbury) make Waterbury an attractive location for businesses and individuals alike. With its rich history, diverse economy, and convenient location, Waterbury is an excellent place to invest in Office Properties.
With 8 Office Properties available for sale in Waterbury, investors have a wide range of options to choose from. The average price per square foot for Office Properties in Waterbury is $113 USD, with an average size of 14,838 square feet. The largest Office Property available in Waterbury spans 180,000 square feet. In addition to Office Properties, Waterbury also offers a range of other commercial real estate options, including Commercial Real Estate, which can provide a stable source of income through rental properties. Apartment Buildings are another option, offering a potential for long-term appreciation in value. Shopping Centers, with their high foot traffic and potential for rental income, are also an attractive option. Finally, Hotels, with their potential for short-term rentals and amenities like restaurants and conference facilities, round out the range of commercial real estate options available in Waterbury. With its diverse economy, convenient location, and range of commercial real estate options, Waterbury is an excellent place to invest in Office Properties or explore other commercial real estate opportunities.
What is the average price per square foot for office properties in Waterbury?
The average price per square foot for office properties in Waterbury is $113 USD.
What should I know about office property classifications (Class A, B, C)?
When searching for office properties for sale in Waterbury, it's essential to understand the classification system, which categorizes properties based on their quality, amenities, and location, to make an informed investment decision.
- Class A office properties are typically high-rise buildings with modern amenities, prime locations, and high-quality finishes, attracting top-tier tenants and commanding higher rental rates.
- Class B office properties offer functional space with adequate amenities, often located in decent areas, and are suitable for a wide range of tenants, providing a balance between quality and affordability.
- Class C office properties are usually older buildings with limited amenities, located in less desirable areas, and may require renovation or upgrading, often appealing to budget-conscious tenants or investors seeking a value-add opportunity.
