23 Danbury RdWilton, CT 06897

Property Details for 23 Danbury Rd

Year built

1759

Construction

FRAME

Lot size

0.47 AC

Property size (Sq ft)

5,233 SF

Zone code

DRB

Property type

Other commercial real estate

Property subtype

Showrooms

APN

WILT M:0083 B:025 L:00

APU

WILTM0083B025L00

Description

This exceptional mixed-use property at 23 Danbury Rd, Wilton, CT 06897, presents a unique investment opportunity. The 0.47-acre lot houses a 7,061 square foot, two-story building, meticulously renovated in 2015, boasting 5,233 square feet of net rentable space. Currently configured as a multi-tenant property with two occupants, the building offers three units and ample parking (5.2 spaces per 1,000 sq ft). The property features a desirable Class A designation and is zoned DRB. The building was originally constructed in 1759, showcasing a blend of historical charm and modern updates. With a strong net operating income (NOI) of $485,000, this property offers a compelling return on investment. The lease type is NN+, with tenants secured by a corporate guarantee, eliminating credit rating concerns. Tenancy is multi-unit, with lease commencement on December 31, 2024. This turnkey opportunity allows for immediate occupancy on December 31, 2024. The asking price is $1,950,000, representing a significant value in this high-traffic, highly visible Wilton location. The property's history as a successful salon and boutique demonstrates its potential for continued success under new ownership. This is an ideal investment for an owner-user seeking to establish or expand their business in a thriving Connecticut community.

• CAP approach

  CAP return

  Valuation

  6%

  $1,271,802

  6.5%

  $1,173,971

  7%

  $1,090,116

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,723,034

  Geo Method

  $1,723,034

• Alternative Use

  Use

  Valuation

  Residential

  $990,288

  Hospitality

  $907,099

  Educational

  $754,696

  Medical

  $780,651

  Retail

  $1,173,971

Location Insight

City

Wilton

County

Fairfield

State

Connecticut

Latitude

41.1634

Longitude

-73.4192

CBSA code

14860

CBSA name

BRIDGEPORT-STAMFORD-NORWALK, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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