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56 Town Hill Ave
Danbury, CT 06810
Land For Sale
·
0.63 AC
Investment Highlights
- This development site has been approved for 3 studio apartments, 16 one bedrooms, and 5 two bedrooms.
- Once completed, this apartment complex is expected to generate income in excess of $445,000 per year and yielding an NOI of $327,760.
Executive Summary
Coldwell Banker Commercial is pleased to present for purchase a fully approved 24-unit residential project located at 56 Town Hill Avenue overlooking downtown Danbury. Perched between Park Place and Town hill Avenue, the three-story building includes 39 parking spaces, 19 of which are covered under the structure.
Property Facts
| Sale Type | Investment | Property Subtype | Commercial |
| Sale Condition | Redevelopment Project | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 0.63 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 0.63 AC |
| Opportunity Zone |
Yes |
1 Lot Available
Lot
| Price | $1,846,368 CAD | Lot Size | 0.63 AC |
| Price Per AC | $2,930,742.76 CAD |
| Price | $1,846,368 CAD |
| Price Per AC | $2,930,742.76 CAD |
| Lot Size | 0.63 AC |
Commercial Lot for sale with all utilities. This lot has been fully approved for a 24 residential unit redevelopment.
Description
Located a block from Main Street and Elmwood Park, the development enjoys an easy walk to numerous retail shops, grocers, and restaurants.
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