For Sale
$2,850,000

24 Danbury Rd Wilton, CT 06897

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

Overview

Added:
Dec 11, 2024
Days on market:
137
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

FAQs

What type of property is this?
Lifestyle center - High-yield retail center, 24,000 SF, redevelopment potential.
Where is the lifestyle center located?
The property is located at 24 Danbury Rd Wilton, CT.
What is the asking price?
The asking price for this property is $2,850,000.
What are key features of this property?
This property features: 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.
How can I contact the broker?
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24 Danbury Rd
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