Description
Excellent opportunity for a business or investor to own this mixed use property in the heart of Danbury which generated $145K of NOI in 2022. 211 White Street sits at the traffic light on the corner of Eight Ave adjacent to Western Connecticut State University. The property is minutes from national retailers like Sonic, Walmart, Home Goods, Starbucks, Auto Zone, Dollar Tree, Dunkin’, Walgreens, CVS, and McDonald’s, while benefiting from over 16,000 vehicle trips per day. The property consists of a retail building that is leased through 2024 by PPG Paints, a national retailer and Fortune 500 Company. Additionally there is a multi-family home in the rear consisting of two 2-bedroom units and one 3-bedroom unit. The new owner will have the flexibility to continue leasing the retail building or utilize it for their own business. In 2022 the owner replaced all the water heaters in the multi-family, upgraded the kitchen in one of the units, repaired and painted the siding on the house, and replaced the roof on the retail building. With a recent price reduction to $1.29M the property is priced to sell.
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0BEDS
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0.42ACRES
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0BATHS
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01/2 BATHS
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7,910SQFT
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$163$/SQFT
School Ratings & Info
Description
Excellent opportunity for a business or investor to own this mixed use property in the heart of Danbury which generated $145K of NOI in 2022. 211 White Street sits at the traffic light on the corner of Eight Ave adjacent to Western Connecticut State University. The property is minutes from national retailers like Sonic, Walmart, Home Goods, Starbucks, Auto Zone, Dollar Tree, Dunkin’, Walgreens, CVS, and McDonald’s, while benefiting from over 16,000 vehicle trips per day. The property consists of a retail building that is leased through 2024 by PPG Paints, a national retailer and Fortune 500 Company. Additionally there is a multi-family home in the rear consisting of two 2-bedroom units and one 3-bedroom unit. The new owner will have the flexibility to continue leasing the retail building or utilize it for their own business. In 2022 the owner replaced all the water heaters in the multi-family, upgraded the kitchen in one of the units, repaired and painted the siding on the house, and replaced the roof on the retail building. With a recent price reduction to $1.29M the property is priced to sell.
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