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64-66 West St, Danbury, 06810

Commercial/Investment - Investment, Office For Sale

$1,595,000

Beds
Baths
13,896Sqft
.8Acres
1898Built
1703DOM
MLS® #: 99088441
Active, 1,703 Days on Market

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.

Essential Information

MLS® #: 99088441
Price: $1,595,000
Bathrooms: 0.00
Square Footage: 13,896
Acres: 0.80
Year Built: 1898
Type: Commercial/Investment
Sub-Type: Investment, Office
Status: Active

Community Information

Address: 64-66 West St
Area: N/A
City: Danbury
County: Fairfield
State: CT
Zip Code: 06810

Amenities

Utilities: Electric Available, Gas Available, Phone Available, Cable
Parking Spaces: 38
Parking: Paved, On Street Parking, Parking Lot
Garages: Paved, On Street Parking, Parking Lot

Interior

Interior: Ceramic Tile, Tile, Vinyl, Wall-to-Wall Carpet, Wood
Interior Features: Fire Suppression System, Security System
Heating: Heat Pump, Radiator, Zoned, Oil
Cooling: Heat Pump, Zoned
# of Stories: 2

Exterior

Exterior Features: Gutters, Pole Sign
Lot Description: Corner, Level Topography, Sloping
Roof: Asphalt Shingle, Built Up
Construction: Frame, Block
Foundation: Concrete, Stone

Additional Information

Date Listed: December 21st, 2014
Days on Market: 1703
Zoning: CL-10

Listing Details

Listing Office: Advantage Realty, Inc.

Financials

$/SqFt: $115

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