Property profile

23 Danbury Rd Wilton, CT 06897

OFF-MARKET
Showrooms
Property ID
US15-0587596
5,233 SF 0.47 ac lot Built 1759
Individually Owned 5-yr Hold Free & Clear
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1759
Construction FRAME
Total area 5,233 SF
Lot 0.47 ac (20,473 SF)
Zoning code DRB
APN WILT M:0083 B:025 L:00
UPID US15-0587596

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store Clothing & Fashion Store
  • Hair Salon

Location

23 Danbury Rd Wilton, CT 06897-4321
Wilton metro Census 45400 BRIDGEPORT-STAMFORD-NORWALK, CT METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.85M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.27M
Blend (final) Blend
$1.59M

Owner & transaction history

since 2021
Last sale
$1.4M
4 recorded transactions
2021
Price N/A
2013
$1.4M
2004
$995,000
2000
$765,000

Zoning & alternative use

DRB · Wilton, CT
General category COMMERCIAL
Top alternative use upside
Restaurant $1.3M +10.3%
Auto repair, garage $1.2M +0.3%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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