Property Description

This investments property is located at 64-66 West Street and is now available for sale at $1,595,000. Nice renovations have been completed on both properties. 64 West Street is occupied by two “AAA credit tenants”. One lease is guaranteed by the Mormon Church and the second lease is guaranteed by the Catholic Church. The 5108 s.f. office building is currently home to a Psychiatric counseling practice and has one 2500 s.f. space available for lease with an estimate net rent of $25,000 / year. The estimated combined income of the two buildings in 2018 will be $184,101 per year with expenses of $16,000 per year yielding a Cap Rate of 10.54%

The combined site plan for 64-66 West Street has be totally updated with new paving, new sidewalks, new drainage, and all new landscaping. The buildings are located on West Street in a revitalized area with many new buildings and located only minutes from Danbury City Hall. Total of 13,538 s.f.

Features
: Heat Pump, Zoned, Radiator
: Zoned, Heat pump
: Asphalt shingle, Built up
: On street parking, Parking lot, Paved
Address Map
US
CT
Fairfield
Danbury
06810
West
64-66
Street
0
W74° 32' 36.8''
N41° 23' 31''
MLS Addon
: Frame, Block
Main Street To West Street Or Exit 4 - I-84 Lake A
: Public water connected
1
: Paved road, Municipal street
1391
: Gutters, Pole sign
: Tile, Wood, Wall-to-wall carpet, Vinyl, Ceramic tile
: Security system, Fire suppression system
1
$0
0
: Oil
Michael Struna
Advantage Realty, Inc.
38
80252
: Public sewer connected
July 2018-June 2019
64
1
1
0
CL-10
: Electric available, Phone available, Gas available, Cable
02/07/2018 11:15:02

Listing courtesy of Michael Struna from Advantage Realty, Inc.

Commercial for sale

64-66 West Street, Danbury, Connecticut 06810

0 Bedrooms
0 Bathrooms
13,896 Sqft
$1,595,000
Listing ID #99088441
Basic Details
Property Type : Commercial for sale
Listing ID : 99088441
Price : $1,595,000
Bedrooms : 0
Baths Total : 0
Bathrooms : 0
Half Bathrooms : 0
Square Footage : 13,896 Sqft
Year Built : 1898
Lot Area : 0.80 Acre
Status : Active
Agent info
Larissa Brown
The Brokerage of New England
Fairfield County
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