172 Mount Pleasant RdNewtown, CT 06470

Property Details for 172 Mount Pleasant Rd

Year built

1971

Construction

FRAME

Lot size

4.03 AC

Property size (Sq ft)

9,034 SF

Zone code

B-2

Property type

Showrooms

APN

NEWT M:2 B:5 L:7

APU

NEWTM2B5L7

Description

This exceptional 1,200 square foot medical office space is situated at 172 Mt. Pleasant Road in Newtown, Connecticut, within Fairfield County (zip code 06470). The space is part of a larger 12,000 square foot Class B office building with multiple tenants. Currently, 1,200 square feet is immediately available on the first floor. The property boasts ample parking and excellent visibility on Route 6, providing convenient access to major roadways including Route 25, I-84, and nearby towns such as Brookfield, Danbury, and Bethel. Its strategic location along Newtown's "Medical Mile," adjacent to other prominent medical buildings at 170 and 164 Mt. Pleasant Road, ensures high visibility and allows for prominent signage. The building is handicap accessible and suitable for a variety of medical uses. Furthermore, its proximity to three major senior living communities (Maplewood Assisted Living, Newtown Woods, and Liberty Woods) with over 500 residents within a half-mile radius presents a significant advantage. This is a rare opportunity to secure a well-located, readily available medical office space in a thriving area.

• CAP approach

  CAP return

  Valuation

  6%

  $2,195,577

  6.5%

  $2,026,687

  7%

  $1,881,924

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,974,564

  Geo Method

  $2,974,564

• Alternative Use

  Use

  Valuation

  Residential

  $1,709,586

  Hospitality

  $1,565,972

  Educational

  $1,302,870

  Medical

  $1,347,678

  Retail

  $2,026,687

Location Insight

City

Newtown

County

Fairfield

State

Connecticut

Latitude

41.4163

Longitude

-73.3689

CBSA code

14860

CBSA name

BRIDGEPORT-STAMFORD-NORWALK, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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