Former Waterbury Rite Aid pharmacy property sells for $2.4M; bank branch eyed?

A former Rite Aid pharmacy building on Wolcott Street in Waterbury recently sold to a Hempstead, New York buyer for $2.4 million.

Abundant Partners LLC, of Ojai, California, sold the 24-year-old, 11,180-square-foot building on 3.2 acres at 1030 Wolcott St., to 1030 Wolcott LLC in a sale logged Aug. 14.

The property sits near the Wolcott town line and opposite the three-way intersection of Lakewood Road and Wolcott Street, two busy retail and commercial arteries in Waterbury.

The property was last sold in 2020, for $2 million. The pharmacy closed its doors in January and the single-story, masonry block building has been vacant ever since.

The new owner’s principal is Melanie Orlofsky, of West Hempstead, New York. Attempts to reach Orlofsky Monday were not immediately successful.
The listing broker was Heather Sparks, of the Los Angeles-based Sparks Agency.

Waterbury Economic Development Director Joseph McGrath said an engineer had approached city staff with tentative plans for a bank branch at the site, but those plans have not yet advanced.