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21 Furnace St 4,150 SF 100% Leased Retail Building Danielson, CT 06239 $600,000 ($144.58/SF) 8.48% Cap Rate
Investment Highlights
- ?Multi Unit Retail Building for Sale in Downtown Danielson
- ?Low Operating Costs: City Water, City Sewer, City Gas
- ?Outdoor Seating and Expansion Opportunities
- 100% Leased with a NNN lease in place
- Beautiful Property Inside and Out: Stunning Interior Woodwork
Executive Summary
This Famous Investment Property is Available Now, Located Directly in Downtown Danielson, CT. This Retail Property is in an Excellent Location - Directly in the Heart of Downtown Danielson with Extremely High Year Round Vehicle and Foot Traffic Count. This property was just extensively renovated inside and out. The First Floor Retail Unit in the Building Features a Large Reception Area along with Front and Side Entrances, a lofted seating area, a Maintenance Closet hidden behind a bookcase, Full Bathroom with Shower, and Easy Access to Plenty of Free Public Parking (70+ Spaces) Right Across the Street. This unit is currently occupied by Lou's Cigars, a successful cigar lounge on a NNN lease. The newly renovated Lower Level is home to Amy's Cakery, a bakery with indoor seating, an outdoor patio, tons of storage, and plenty of natural light. Newly updated HVAC provides Heating and Cooling Throughout the property. The Building Features a Unique Design and Beautiful Woodwork - One of the Most Famous and Popular Commercial Retail Buildings in all of Connecticut! Zoned Central Business District (CBD)
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
4,150 SF
Building Class
B
Year Built/Renovated
1900/2024
Price
$600,000
Price Per SF
$144.58
Cap Rate
8.48%
NOI
$50,880
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.59
Lot Size
0.06 AC
Zoning
CBD - Zoned Commercial. Central Business District.
Parking
70 Spaces (16.87 Spaces per 1,000 SF Leased)
Amenities
- Fenced Lot
- Signage
- Skylights
- Tenant Controlled HVAC
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | KILL-000198-000000-000144 | Improvements Assessment | $70,110 |
| Land Assessment | $18,810 | Total Assessment | $88,920 |
Property Taxes
Parcel Number
KILL-000198-000000-000144
Land Assessment
$18,810
Improvements Assessment
$70,110
Total Assessment
$88,920
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