For Sale
$6,250,000

42 Lake Avenue ExtDanbury, CT 06811

72,336 SF Retail & Land Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional Danbury, CT commercial property, located at 42 Lake Avenue Ext, presents a significant investment opportunity. The 2.64-acre lot encompasses a substantial 72,336 square foot building, offering a versatile mix of retail space and land. Originally constructed in 1989 and renovated in 1999, the property boasts a well-maintained structure, reflecting a commitment to quality and longevity. Its strategic location on a developing West side artery in Danbury ensures high visibility and accessibility, making it an ideal location for a variety of retail businesses. The property's size and layout provide ample space for expansion or redevelopment, catering to a range of commercial ventures. The asking price for this prime commercial real estate is $6,250,000. This offering represents a rare chance to acquire a substantial property in a thriving Connecticut market, promising strong returns for the discerning investor. The property's history includes a previous use as a hotel, featuring 86 rooms and 11 extended-stay suites, which could be repurposed or integrated into a new development plan. The existing infrastructure provides a solid foundation for future growth and adaptation to evolving market demands. Detailed plans and specifications are available upon request. This is a unique opportunity to acquire a substantial commercial property in a prime location.

Highlights

  • Exceptional Danbury, CT investment opportunity: 72,336 SF building on a 2.64-acre lot, asking $6,250,000.
  • Versatile mix of retail space and land, located on a high-visibility West side artery.
  • Well-maintained building, originally constructed in 1989 and renovated in 1999.
  • Ample space for expansion or redevelopment.
  • Former 86-room hotel with 11 extended-stay suites, offering repurposing potential.

Property Details for 42 Lake Avenue Ext

Property type
Retail properties, Land
Square Feet
72,336 SF
Lot Size (sq. ft)
114,998 SF

Location Insight

City
Danbury
County
Western Connecticut
State
Connecticut
Latitude
41.3854641
Longitude
-73.486407
42 Lake Avenue Ext, Danbury, Connecticut

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42 Lake Avenue Ext
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