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Property profile & analytics
OFF-MARKET Estimated value $1,410,000
Showrooms

23 Danbury Rd Wilton, CT 06897-4321

5,233 SF 0.47 ac lot Built 1759
Individually Owned 5-yr Hold Free & Clear
Property ID
US15-0587596
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Lace Affaire (Bike/Boat/Book/etc) Store Clothing & Fashion Store
  • Illumination Salon Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.85M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.27M
Blend (final) Blend
$1.41M
Owner & transaction history
Christopher Dean Lt · 5 yrs held
Christopher Dean Lt
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
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $1.3M +10.3%
Auto repair, garage $1.2M +0.3%
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