Retail/Office in Central Ridgefield!

Retail-Commercial for Sale
Also listed as Office
Catylist Listing ID: 30345629
Property Subtypes: Free-Standing Building, Mixed Use, Street Retail, Other
Building Size (RSF): 2,145 SF
Gross Building Area: See Agent
Sale Price: $715,000
Unit Price: $333.33 PSF
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Undisclosed
Cap Rate: 7.17%
Last Updated: 7/23/2021

Overview / Comments

Don't miss out on this rare opportunity! This retail/office building would be perfect for a tenant, user or investor. The ground floor is a retail/office unit and the 2nd and 3rd floors are both income-producing apartments. For a larger commercial tenant or owner occupant, the second floor could easily be combined with the first. Each floor has its own entrance and is separately metered.

In addition, there is a basement and a detached garage, the latter of which could be tied into municipal services.

Please contact the listing agent for additional information or to schedule a tour. The first floor is also available for lease at $1,700/mo gross + utilities.

Additional Details

Nearest MSA: Bridgeport-Stamford-Norwalk
County: Fairfield
Tax ID/APN: E14-0133
Zoning: B-1
Retail Clientele: General, Family, Business, Traveler, Tourist
Property Located Between: Main Street and Copps Hill
Property Visibility: Good
Largest Nearby Street: Danbury Road/Route 35
Traffic/Vehicle Count: 17,400
Site Description: The property includes a 3-story mixed use building (with basement). There is also a garage of approx. 480 sf. City services are present at the garage but are not installed. The remainder of the lot is mostly paved parking.
Area Description: Located in central Ridgefield, near the intersection of Rt. 35 and Rt. 116. The property is close to both Main Street and Copps Hill.
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Number of Stories: 3
Typical SF / Floor: 822 SF
Property Condition: Good
Total Parking Spaces: 10
Parking Type: Surface
Parking Description: Private parking located off Danbury Road.
Sprinklers: Wet
Heat Type: Propane
Heat Source: Central
Air Conditioning: Engineered System
Zoning Description: Ridgefield's B-1 zone allows for many uses, including retail. Please see the municipal website for the full list of allowed uses.
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,303 22,343 53,639
Median Age: 43.87 43.71 43.69
Households: 2,249 8,050 19,434
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