Description
Welcome to one of Wilton's rare multi-family or commercial finds! This four unit retail storefront is located on Danbury Road with tens of thousands of cars passing by each day. It's located close to downtown, and quick access to the Merritt Parkway and I-95. There is the possibility of retail, business, office and residential uses. The four units include a retail space currently used as a salon ($2500), a smaller space currently used as a nail salon ($250), a 1 bedroom apartment ($1500), and a studio apartment ($850). Gross rent is now over $55k with potential for this to increase substantially. Rents for the apartments are well under market value. All currently fully rented, there is a huge cash-flow for this building. They are all in excellent condition and well-maintained by the current owner. There is central air throughout the building, and all mechanicals are in the dry basement as well as laundry and space for plenty of storage. There are 15 parking spaces for tenants and retail customers. All utilities are paid by current landlord.
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0BEDS
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0.24ACRES
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0BATHS
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01/2 BATHS
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2,024SQFT
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$272$/SQFT
School Ratings & Info
Description
Welcome to one of Wilton's rare multi-family or commercial finds! This four unit retail storefront is located on Danbury Road with tens of thousands of cars passing by each day. It's located close to downtown, and quick access to the Merritt Parkway and I-95. There is the possibility of retail, business, office and residential uses. The four units include a retail space currently used as a salon ($2500), a smaller space currently used as a nail salon ($250), a 1 bedroom apartment ($1500), and a studio apartment ($850). Gross rent is now over $55k with potential for this to increase substantially. Rents for the apartments are well under market value. All currently fully rented, there is a huge cash-flow for this building. They are all in excellent condition and well-maintained by the current owner. There is central air throughout the building, and all mechanicals are in the dry basement as well as laundry and space for plenty of storage. There are 15 parking spaces for tenants and retail customers. All utilities are paid by current landlord.
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