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199 - 201 Main Street, Danbury, CT

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199 - 201 Main Street

Danbury, CT 06810 - Danbury Submarket

Property Type:Retail Sub Type:Storefront Retail/Office Status:Existing , Renov 1996 Year Built:1935
Building Size:39,000 SF Land Area:.33 AC (14,375 SF)
For Sale Price:$1,600,000 Price/SF:$41.03
Cap Rate:7.50 %
Parking:5 Surface spaces are available; Ratio of 2.12/1,000 SF
Features:Bus Line

Sale Notes:
11,200 SF Investment property in the heart of Danbury. Retail-anchored - currently leased to a natinal retailer and +/- 2,000 sf leased to a law firm. Various additional smaller suites are rented and available for lease. Current NOI +/- $117,000 - 7.32% cap rate; Pro-vorma NOI: $160,000 w/ 10% cap rate. Full city services; abundant municipal parking including public garage.

In the center of Danbury, close to entertainment district, train and bus stations, new luxury residences, shops, restaurants, and services.

Ryer Associates Commercial R.E.
Gus Ryer
(203) 797-0200

Jeff Ryer
(203) 797-0200 x103

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