42 Lake Avenue ExtDanbury, CT 06811

Property Details for 42 Lake Avenue Ext

Lot size

2.64 AC

Property size (Sq ft)

72,336 SF

Property type

Other commercial real estate

Property subtype

Other retail properties

Description

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.

Location Insight

City

Danbury

County

Western Connecticut

State

Connecticut

Latitude

41.3855

Longitude

-73.4864

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