For Sale
$1,950,000

23 Danbury RdWilton, CT 06897

Prime Wilton location, high NOI, owner-user opportunity.

Overview

Added:
Dec 11, 2024
Days on market:
114
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.

Highlights

  • Exceptional mixed-use investment opportunity in Wilton, CT.
  • 7,061 SF, two-story building on a 0.47-acre lot, renovated in 2015.
  • 5,233 SF of net rentable space, currently multi-tenant with three units and ample parking (5.2 spaces/1,000 SF).
  • Class A building, DRB zoning, strong NOI of $485,000, and asking price of $1,950,000.
  • NN+ leases with corporate guarantees, immediate occupancy available December 31, 2024.

Property Details for 23 Danbury Rd

Property type
Retail properties, Office properties
Square Feet
7,061 SF
Class
A
Year Built/Renovated
1759/2015
Buildings
1
Stories
2
Lot Size (sq. ft)
20,473 SF
Units
3

Location Insight

City
Wilton
County
Fairfield
State
Connecticut
Latitude
41.163573429983
Longitude
-73.418871710679
23 Danbury Rd, Wilton, Connecticut

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23 Danbury Rd
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