650 Danbury RdRidgefield, CT 06877

  • Office properties
  • 17,777 SF
For Sale

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
650 Danbury Rd, Ridgefield, Connecticut

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$44,965
$519,400
$1,222,760
$1,742,160
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