Property summary
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.
Property profile
VerifiedCap rate & NOI
Current use
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Limousine Service Service Establishment
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Medical Clinic
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Physician Medical Clinic
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Hotel & Motel
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Nightclub Music Venue
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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