388 Danbury RdWilton, CT 06897

Property Details for 388 Danbury Rd

Year built

1950

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.25 AC

Property size (Sq ft)

8,265 SF

Zone code

GB

Property type

Other commercial real estate

Property subtype

Showrooms

APN

WILT M:0046 B:006 L:00

APU

WILTM0046B006L00

Description

This exceptional 4,800 square foot flex space is available for lease in Fairfield County, conveniently located directly off Route 7. The property offers a single-tenant occupancy in a building featuring two contiguous units totaling 4,800 square feet (approximately 2,100 square feet and 2,700 square feet). The space boasts high ceilings ranging from 10 to 11 feet, providing ample vertical space for various uses. The property includes a private office, a dedicated storage room, and a convenient rear delivery door for efficient loading and unloading. Ample and easily accessible shared parking is available for tenants and their clients. The location offers exceptional visibility and high traffic counts, making it an ideal space for businesses seeking strong exposure. The lease rate is $35 per square foot gross, with utilities paid separately by the tenant. This property is perfect for a variety of businesses seeking a functional and well-located space in a thriving area. The property type is classified as retail and industrial, making it suitable for a range of commercial uses. The entire 4,800 square feet is currently vacant and ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $2,008,684

  6.5%

  $1,854,169

  7%

  $1,721,729

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,721,360

  Geo Method

  $2,721,360

• Alternative Use

  Use

  Valuation

  Residential

  $1,564,061

  Hospitality

  $1,432,672

  Educational

  $1,191,966

  Medical

  $1,232,960

  Retail

  $1,854,169

Location Insight

City

Wilton

County

Fairfield

State

Connecticut

Latitude

41.2095

Longitude

-73.4307

CBSA code

14860

CBSA name

BRIDGEPORT-STAMFORD-NORWALK, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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