For Sale
$2,850,000

24 Danbury RdWilton, CT 06897

High-yield retail center, 24,000 SF, redevelopment potential.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional 24,000 square foot retail property, located at 24 Danbury Rd in Wilton, Connecticut (Fairfield County, zip code 06897), presents a compelling investment opportunity. Currently operating as a multi-tenant center with a mix of retail, office, and storage tenants, the property boasts significant redevelopment potential. Situated on a 0.70-acre lot at a signalized intersection, it benefits from high visibility and exceptional daily traffic counts of approximately 31,000 vehicles. The asking price is $2,850,000, translating to a price per square foot of $118.75. The property offers a current cap rate of 7.83%, with a pro-forma cap rate projected at 9.41%, indicating strong potential for increased returns. This prime location in Wilton, CT offers investors a chance to capitalize on a thriving market and unlock significant value through redevelopment or continued operation as a multi-tenant center. The property's size and location make it an ideal candidate for a variety of redevelopment projects, catering to the needs of the local community and the surrounding area. This is a rare opportunity to acquire a well-positioned retail property with substantial upside potential.

Highlights

  • 24,000 SF multi-tenant retail property with a mix of retail, office, and storage tenants.
  • High visibility location at a signalized intersection with approximately 31,000 vehicles per day.
  • 0.70-acre lot offering significant redevelopment potential.
  • Asking price: $2,850,000 ($118.75/SF); 7.83% current cap rate, 9.41% pro-forma cap rate.

Property Details for 24 Danbury Rd

Property type
Lifestyle centers, Power centers
Square Feet
24,000 SF

Location Insight

City
Wilton
County
Fairfield
State
Connecticut
Latitude
41.1636463
Longitude
-73.4182513
24 Danbury Rd, Wilton, Connecticut

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24 Danbury Rd
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