432 Main StDanbury, CT 06810

Property Details for 432 Main St

Year built

1969

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.59 AC

Property size (Sq ft)

5,950 SF

Zone code

CG20

Property type

Office properties

Property subtype

Office buildings

APN

DANB M:H12 L:125

APU

DANBMH12L125

Description

This exceptional single-tenant office space, totaling 2,873 square feet, presents a fantastic opportunity in the heart of Danbury. Ideally situated for medical or general office use, the property boasts convenient on-grade parking access, eliminating the hassle of searching for spots. Previously occupied by a dental practice, the space features five fully equipped operatories, offering immediate functionality for a similar business or the potential for expansion. The layout is adaptable and divisible down to 962 square feet, providing flexibility for various business needs. Its central Danbury location ensures high visibility and easy access to I-84, a major transportation artery. The building itself is a recognizable landmark, characterized by its ample parking and numerous windows, providing excellent natural light and a pleasant working environment. Utilities are separately metered. This property offers a unique blend of convenience, functionality, and prime location, making it an ideal investment for discerning businesses seeking a well-established and easily accessible space. The building's prominent position ensures strong exposure, attracting potential clients and enhancing the overall business profile.

• CAP approach

  CAP return

  Valuation

  6%

  $983,713

  6.5%

  $908,042

  7%

  $843,182

• Comparable approach

  Method

  Valuation

  Relative Method

  $777,427

  Geo Method

  $777,427

• Alternative Use

  Use

  Valuation

  Residential

  $1,125,973

  Hospitality

  $1,031,385

  Educational

  $858,100

  Medical

  $887,612

  Retail

  $1,334,822

Location Insight

City

Danbury

County

Fairfield

State

Connecticut

Latitude

41.4046

Longitude

-73.4607

CBSA code

14860

CBSA name

BRIDGEPORT-STAMFORD-NORWALK, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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