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    Property profile & analytics

    42 Lake Avenue Ext Danbury, CT 06811

    • Retail properties
    • 72,336 SF
    • 2.64 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • GreenLightLimos.com / Limousine Service / Service Establishment
    • VitalityPrime Testosterone Replacement Therapy Center / Medical Clinic
    • Michael Schwarzchild, Ph.D. / Psychologist
    • Maron Hotel & Suites / Hotel
    • Sound Investment DJ Service / Entertainer / Event Planner

    Property Details for 42 Lake Avenue Ext

    Lot size
    2.64 lot acres
    Property size
    72,336 SF
    Property type
    Retail properties
    Property subtype
    Land

    Description

    This exceptional Danbury, CT commercial property, located at 42 Lake Avenue Ext, presents a significant investment opportunity. The 2.64-acre lot encompasses a substantial 72,336 square foot building, offering a versatile mix of retail space and land. Originally constructed in 1989 and renovated in 1999, the property boasts a well-maintained structure, reflecting a commitment to quality and longevity. Its strategic location on a developing West side artery in Danbury ensures high visibility and accessibility, making it an ideal location for a variety of retail businesses. The property's size and layout provide ample space for expansion or redevelopment, catering to a range of commercial ventures. The asking price for this prime commercial real estate is $6,250,000. This offering represents a rare chance to acquire a substantial property in a thriving Connecticut market, promising strong returns for the discerning investor. The property's history includes a previous use as a hotel, featuring 86 rooms and 11 extended-stay suites, which could be repurposed or integrated into a new development plan. The existing infrastructure provides a solid foundation for future growth and adaptation to evolving market demands. Detailed plans and specifications are available upon request. This is a unique opportunity to acquire a substantial commercial property in a prime location.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Danbury
    County
    Western Connecticut
    State
    Connecticut
    Longitude
    -73.4864
    Latitude
    41.3855

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      45 Hayestown Rd

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      12 Padanaram Rd

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      14-22 Walnut St

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    Similar Nearby for Lease

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      Retail/Office Space Near Danbury Mall

      Flexible retail or office space with great visibility and amenities.
      40 Lake Avenue Ext, Danbury, CT 06811
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    42 Lake Avenue Ext
    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
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