24 Danbury RdWilton, CT 06897

Property Details for 24 Danbury Rd

Lot size

0.70 AC

Zone code

DRB

Property type

Other commercial real estate

APN

WILT M:0083 B:017 L:00

APU

WILTM0083B017L00

Description

This exceptional 24,000 square foot retail property, located at 24 Danbury Rd in Wilton, Connecticut (Fairfield County, zip code 06897), presents a compelling investment opportunity. Currently operating as a multi-tenant center with a mix of retail, office, and storage tenants, the property boasts significant redevelopment potential. Situated on a 0.70-acre lot at a signalized intersection, it benefits from high visibility and exceptional daily traffic counts of approximately 31,000 vehicles. The asking price is $2,850,000, translating to a price per square foot of $118.75. The property offers a current cap rate of 7.83%, with a pro-forma cap rate projected at 9.41%, indicating strong potential for increased returns. This prime location in Wilton, CT offers investors a chance to capitalize on a thriving market and unlock significant value through redevelopment or continued operation as a multi-tenant center. The property's size and location make it an ideal candidate for a variety of redevelopment projects, catering to the needs of the local community and the surrounding area. This is a rare opportunity to acquire a well-positioned retail property with substantial upside potential.

• Alternative Use

  Use

  Valuation

  Residential

  $5,810,398

  Hospitality

  $5,322,293

  Educational

  $4,428,086

  Medical

  $4,580,374

  Retail

  $6,888,133

Location Insight

City

Wilton

County

Fairfield

State

Connecticut

Latitude

41.1636

Longitude

-73.4183

CBSA code

14860

CBSA name

BRIDGEPORT-STAMFORD-NORWALK, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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