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211 White Street, Danbury, CT 06810

Retail Investment Property for Sale at $1,500,000.00

211 White Street, Danbury, CT
211 White Street, Danbury, CT

INVESTMENT OPPORTUNITY WITH A FORTUNE 500 COMPANY TENANT: 6,700 RSF in a single story retail building on 0.42 acres for sale at traffic signal at the corner of White Street and Eighth Avenue. Fully leased to single tenant, PPG Paints (formerly Painter’s Supply) with corporate guarantee from Fortune 500 company. The projected 2021 NOI is $186,624.

ADDITIONAL INCOME SOURCE: 3,289 SF multi-family house is included with the acquisition. Currently generating $38,700/annually from month-to-month agreements from three tenants. Renovated in 2012.

Near top national retailers including Walmart, Home Goods, Staples, Whole Foods, Starbucks, Auto Zone, Family Dollar, Dunkin’ Donuts, Walgreens, Marshalls, Subway, McDonald’s and Burger King. Situated across from Western State Connecticut University Midtown Campus. Located 1.5 miles to I-84, Exits 5 and 6, and less than one mile to the Danbury Metro North Train Station.

The Site
Total Building Size: 6,700 RSF (Retail) &
3,289 RSF (Multi-Family)
Land: 0.42 acres
Real Estate Taxes: $25,751.36 (2020)
Zoning: High-Rise Residential District (RH3)
Year Built: 1950
Construction: Masonry
Tenancy: Multiple
Occupancy: 100%
Financial Information
Projected 2021 NOI: $186,624
Features
Traffic Count: 20,620 Average Daily Traffic Volume
Parking: 17 Spaces
Utilities
Water/Sewer: City/City
A/C: Partial
Heating: Gas
Three Mile Demographics
Population: 76,643
Median HH Income: $66,786
Five Mile Demographics
Population: 115,662
Median HH Income: $79,154
Updated: 18th April 2021
Contact:
Jon Angel, President
203.335.6600, Ext. 21
jangel@angelcommercial.com
No warranty or representation, express or implied is made as to the accuracy of the information contained herein, and same is submitted subject to errors,
omissions, change of price, rental or other conditions, withdrawal without notice and to any special listing conditions imposed by our principals.