Just Listed-Potential Mixed Use Property in Danbury,CT

I am pleased to announce to the availabilty of 62 Franklin Street in Danbury,CT

This is one of the most unique investment opportunities in Greater Danbury. The property has 2 residential apartments, plus the main level has been used for a dental practice for the last 40 years. The main level has a ton of potential. The city will allow the space to be continue as a professional space (for example attorney, small doctor/dental office, real estate brokerage, insurance agency) on the main level-no retail, food or salon permitted. The seller did recently obtain city approval to convert the main level, using the existing footprint, into a 2 bedroom 1.5 bath residential apartment with a bonus room (floor plan available).  This space has gas heat and central air. Buyer is to be perform their diligence. 

The second floor apartment is spacious in good condition by long-term tenant. It has 2 bedrooms and 1 bath. There are hardwood floors, in-unit laundry and gas heat. The 3rd apartment is a 1 bedroom, 1 bath with a good closest space, and has electric heat.

The property has a 2 car garage, plus 4 parking spots.  The property is set midway between city center Danbury and the West Side. Easy access to highway and services. Additional street parking in front of the building, and it is across from 'Franklin Green'. Due to overall conditional, a cash purchase is preferred. It is good candidate for a rehab loan, or 1031 exchange. Owner may consider seller provided financing.  Sold as-is by long term owner. Contact agent for many important details. 

Click here to see more details, and contact me if you have any questions at 203-417-0523 or JonathanHallRealEstate@Gmail.Com


Post last updated 4/24//2024