103 Mill Plain RdDanbury, CT 06811

Property Details for 103 Mill Plain Rd

Year built

1890

Construction

FRAME

Lot size

0.42 AC

Property size (Sq ft)

5,686 SF

Zone code

CA80

Property type

Other commercial real estate

APN

DANB M:C14 L:62

APU

DANBMC14L62

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $1,076,014

  Hospitality

  $985,623

  Educational

  $820,026

  Medical

  $848,228

  Retail

  $1,275,597

Location Insight

City

Danbury

County

Fairfield

State

Connecticut

Latitude

41.3931

Longitude

-73.5192

CBSA code

14860

CBSA name

BRIDGEPORT-STAMFORD-NORWALK, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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