650 Danbury RdRidgefield, CT 06877
- Office properties
- 17,777 SF
Property Details for 650 Danbury Rd
- Year built
- 1970
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 1.11 AC
- Property size (Sq ft)
- 17,777 SF
- Zone code
- B-2
- Property type
- Office properties
- Property subtype
- Office buildings
- APN
- RIDG M:G09 B:0015
- APU
- RIDGMG09B0015
Description
This exceptional 18,000-square-foot Class A office building is available for sale. Located at 650 Danbury Road in Ridgefield, Connecticut, this property boasts a desirable location in Fairfield County, close to New York's Westchester County. The building, constructed in 1978 and renovated in 1996, features two stories within a single building situated on a 1.11-acre lot. The property is currently vacant and offers a flexible lease structure (NNN). Suitable for various office uses, including executive, medical, and traditional office spaces, this property presents a unique opportunity for investors or businesses seeking a prominent presence in a thriving community. Ridgefield is known for its New England charm, cultural attractions, and highly-rated school system, making it an attractive location for both businesses and residents. The property's convenient location offers easy access to major transportation routes, providing seamless connectivity to surrounding areas. This is a rare opportunity to acquire a substantial office building in a highly sought-after location. The property is offered for sale by owner.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $2,939,069
- 6.5%
- $2,712,987
- 7%
- $2,519,202
-
Comparable approach
- Method
- Valuation
- Relative Method
- $2,322,743
- Geo Method
- $2,322,743
-
Alternative Use
- Use
- Valuation
- Residential
- $3,364,104
- Hospitality
- $3,081,501
- Educational
- $2,563,772
- Medical
- $2,651,945
- Retail
- $3,988,091
Location Insight
- City
- Ridgefield
- County
- Fairfield
- State
- Connecticut
- Latitude
- 41.3244
- Longitude
- -73.474
- CBSA code
- 14860
- CBSA name
- BRIDGEPORT-STAMFORD-NORWALK, CT METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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