64-66 West Street

Danbury, CT 06810 Directions
$1,595,000
  • 13,896Sqft
  • 0.8Acres
  • 1898Built
  • $115Price/Sqft

Property Highlights

  • Days on Market: 2
  • MLS: 99088441

Property Highlights

  • Days on Market: 2
  • MLS: 99088441

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...

Property Highlights

  • Days on Market: 2
  • MLS: 99088441

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.

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.

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  • Additional Information
    • Area Type: Downtown
    • Days On Market: 1,289
    • Living Area SqFt: 13,896
    • Present Use: Offices
    • Road Frontage Description: Municipal Street, Paved Road
    • Sewer: Public Sewer Connected
    • Tax Amount: $18,661
    • Tax Year: July 2018-June 2019
    • Type: Commercial For Sale
    • Utilities Available: Electric Available, Gas Available, Phone Available, Cable
    • Year Built: 1898
  • Interior/Exterior Features
    • Air Conditioning: Heat Pump, Zoned
    • Cooling: Heat Pump, Zoned
    • Flooring: Ceramic Tile, Tile, Vinyl, Wall-to-Wall Carpet, Wood
    • Heat: Heat Pump, Radiator, Zoned
    • Living SqFt Source: Approximate

Listing Courtesy of Advantage Realty, Inc.

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