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56 Town Hill Ave

0.63 Acres of Commercial Land Offered at $1,350,000 in Danbury, CT 06810

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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.

56 Town Hill Ave Sale Brochure

Property Facts

Price	$1,350,000	Property Subtype	Commercial
Sale Type	Investment	Proposed Use	Multifamily Apartment Units
No. Lots	1	Total Lot Size	0.63 AC
Property Type	Land	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	$1,350,000
Sale Type	Investment
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Multifamily Apartment Units
Total Lot Size	0.63 AC
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

1 Lot Available

Lot

Price	$1,350,000	Lot Size	0.63 AC
Price Per AC	$2,142,857

Price	$1,350,000
Price Per AC	$2,142,857
Lot Size	0.63 AC

Lot with all utilities, fully approved for 24 units

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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Walk Score ®

Very Walkable (79)

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Transit Score® measures access to public transit.

Bike Score® measures bikeability of a location.

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, Transit Score® & Bike Score?

Walk Score® measures the walkability

of any address. Transit Score®

measures access to public transit. Bike Score®

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Learn How It Works Detailed Scores

Listing ID: 32338226
Date on Market: 7/3/2024
Last Updated:
Address: 56 Town Hill Ave, Danbury, CT 06810

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56 Town Hill Ave, Danbury, CT for sale Primary Photo- Image 1 of 2 — Primary Photo

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