650 Danbury RdRidgefield, CT 06877

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 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.

• 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

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