Meeker's Hardware

Retail-Commercial for Sale
Catylist Listing ID: 30742228
Property Subtypes: Convenience Store, Free-Standing Building, Mixed Use, Retail-Pad, Street Retail
Building Size (RSF): 12,444 SF
Gross Building Area: See Agent
Gross Land Area: 0.46 SF
Sale Price: $749,500
Unit Price: $60.23 PSF
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/15/2021

Overview / Comments

Historic Meeker’s Hardware building on the market for the first time! The building has served Danbury as a tool, garden and feed supply store since 1885 until it closed in 2013. This a truly historic building with amazing architectural touches in need of an owner who can revitalize the property. The first floor is setup for retail with plenty of storage in the back of the building, including a loading dock, while the second floor is currently unused with lots of potential. The building sits within Danbury’s opportunity zone which will provide tax benefits for any buyer that develops the unused space. This represents a great opportunity for an investor or an owner/user who wants to use the building for their business.

The building has 12,444 sf of useable space across 2 floors. A current tenant occupies approximately 5,000 SF of the first-floor retail and storage with a loading dock. The tenant is month to month which provides flexibility for any new buyer. The upstairs can be developed into office space or apartments for income producing potential. Unique to downtown, the building has it’s own paved parking lot with additional street and garage parking available nearby.

The City Center District is continuing to see growth with more residential apartments under development on the previous News Times property. The Meeker’s Hardware building sits right across from the Danbury train station and just blocks from Danbury City Center Green.

The property is for sale at $749,500 with yearly taxes of $15,790. Please call Chris Cosio at 203-524-8635 for more details and to setup a tour today!

Additional Details

Nearest MSA: Bridgeport-Stamford-Norwalk
County: Fairfield
Tax ID/APN: 86-90
Retail Clientele: General, Family, Business, Other
Property Visibility: Excellent
Largest Nearby Street: White Street
Feet of Frontage: 119
Traffic/Vehicle Count: 21,915
Highway Access: I-84 exit 5 just a few miles away.
Airports: Danbury Municipal Airport
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 7,000 SF
Property Condition: Fair
Year Built: 1897
Year Renovated: 2009
Roof Type: Flat
Construction/Siding: Brick
Total Parking Spaces: 25
Parking Type: Surface
Sprinklers: None
Heat Type: Oil
Heat Source: Central
Air Conditioning: Window Unit
Internet Access: Cable
Zoning Description: The purpose of this district is to allow a mixture of compatible uses which will strengthen the downtown as the social and economic focus of the City; to promote a cohesive downtown for the interaction of people and businesses; to stimulate investment; to improve vehicular access, safety, and parking; to facilitate pedestrian movement; and to provide a setting for community activities.
Lot Frontage: 119' on White Street
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 28,377 75,592 120,770
Median Age: 32.54 35.82 38.52
Households: 9,447 26,916 43,501
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