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    103 Mill Plain Rd Danbury, CT 06811

    Sponsored
    For Lease
    $15 SF/Yr

    High-Visibility I-84 Office/Retail Site

    Lot size:
    5,410 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.1-acre redevelopment opportunity in Danbury, CT, boasts a prime location at the I-84, Exit 2B interchange on Mill Plain Road. The property features a 6,000 square foot office building (80% occupied) and a 95% occupied self-storage facility, both with short-term leases providing immediate cash flow. The site offers approximately 120 feet of road frontage at a signalized intersection, benefiting from high visibility and significant traffic volume: 20,000 vehicles daily on Mill Plain Road and 70,000 on I-84. The CA-80 zoning allows for diverse uses, making it ideal for various development projects. The property's strategic location near national retail chains, Danbury Fair Mall, and over 2,000 new residential units under development further enhances its potential. Additional nearby developments include a proposed hotel/restaurant and upscale grocery store. The minimum divisible space is 1,250 square feet, with a maximum contiguous space of 2,910 square feet. The two-story building is divided into four suites. This is a rare chance to acquire a highly desirable property with significant upside potential in a rapidly growing area.

    Property Features for 103 Mill Plain Rd

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    5,410 SF

    Building Details

    Stories
    2

    Unit(s) available at that property

    Space
    Unit 101
    Size
    1,660 SF
    Rate per SF
    $15
    Space
    Unit 103
    Size
    1,250 SF
    Rate per SF
    $18
    Space
    Unit 104
    Size
    1,250 SF
    Rate per SF
    $15
    Space
    Unit 102
    Size
    1,250 SF
    Rate per SF
    $18

    HighLights

    • 1.1‑acre development site with 120 feet of frontage on Mill Plain Road, Danbury, CT.
    • Prime location immediately off I‑84 at Exit 2B, at a signalized intersection with high visibility.
    • High traffic counts: 20,000 vehicles daily on Mill Plain Road and 70,000 on I‑84.
    • CA‑80 zoning allows for diverse development options.
    • Proximity to Danbury Fair Mall and significant residential growth.
    Property Profile Location Intelligence

    Current Use by Public Records

    Appalachian Chiropractic Chiropractor Mill Plain Self ... Self-Storage Facility Scott Stampp @ Three ... Business Development Service Alyson Halas Psychotherapy ... Marriage Or Relationship Counselor the cares group Addiction Treatment Center

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Danbury
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.5191897
    Latitude
    41.3930802

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    FAQs

    What type of property is this?
    Office space - High-Visibility I-84 Office/Retail Site
    Where is this office space located?
    The property is located at 103 Mill Plain Rd Danbury, CT.
    What is the lease rate?
    The lease rate is $15-$18 SF/Yr.
    What are key features of this property?
    This property features: 1.1-acre development site with 120 feet of frontage on Mill Plain Road, Danbury, CT.; Prime location immediately off I-84 at Exit 2B, at a signalized intersection with high visibility.; High traffic counts: 20,000 vehicles daily on Mill Plain Road and 70,000 on I-84.
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    Danbury, CT 06811
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    103 Mill Plain Rd Danbury, CT 06811
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