MLS Number 170254537
- Year Built 1951
- Square Feet 7,519
- Acreage 0.35
New to the market. Fantastic retail investment opportunity well located in central Danbury. 298 White Street is a fully occupied 7,519 s.f. retail-based investment property. The property is located just minutes from I-84 at Exit 5 and near the intersections of Federal Road, Triangle Street, White Street and Newtown Road. The traffic counts are excellent with approximately 20,000 cars per day going past this property. The existing long-term tenants consist of a Doggy Daycare (Furry Friends Day Care and Boarding), a Pawn Shop (A Nice Pawn Shop), and a Dry Cleaners (Friendly Cleaners). The 7,519 two story building has access on two streets with ground level access and parking spaces available on both sides of the property. This retail investment is being offered at $724,900 with a projected Net Operation Income this year (2019) of $67,096. Note the building is being sold as is and there are some deferred maintenance items with a credit of $50,000 provided at closing to help defray cost of those maintenance items. Please call the broker to discuss this investment today!
Listed by Advantage Realty, Inc.