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$625,000
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Property Description
OPPORTUNITY ZONE Back On Market! Allows deferral +reduction on current capital gains taxes, and eventual tax-free sale of this asset. Highly visible right off I-84 in central Danbury, CT. Package of two separately deeded multi-use commercial properties, #12 & #10 Downs. Allows full control of 15 car+ parking easy on/off to I-84 at Exit 5, I-84 East. Ideal pro offices + income production out of single family rented stone house. Top notch renovations with room to comply with O.Z. requirements. Has triple pane windows, 50 yr roof, mini-split air in #12. Long precedent for professional offices &/or stately residence in #12, + separate residence in the charming stone house. Mixed-Use possibilities galore! Owner/Broker's real estate company has thrived here since 1975. High profile, signature quality location with hard-to-find, carefree egress onto side street, seconds from the Interstate! Room to make further improvements to comply with Opportunity Zone guidelines, in order to take advantage of AMAZING, heretofore unheard of tax benefits. Contract subject to rental approvals OK.
Full Property Details
Full Property Details for 10-12 Downs St #3
General
- Sold For: $625,000
- Taxes: $10,811 (July 2019-June 2020)
- Status: Closed
- Type: Office
- Source: SMARTMLS
- MLS ID: 170164800
- Added to Site: 2, 659 day(s) ago
Business
- Business Type: Office, Residential Income
Interior
- Interior Features: Employee Lounge, Living Space Available, Window Display
- Flooring: Ceramic Tile, Vinyl, Wall-To-Wall Carpet, Wood
Rooms
Bathrooms
- Restrooms: 5
Exterior
- Exterior Features: Door Sign, Doors - under 10 ft, Gutters, Pole Sign, Sidewalk, Storage Building
Parking
- Garage: Yes
- Attached garage: Yes
- Covered Parking: Yes
- Covered Spaces: 1
- Uncovered Spaces: 15
- Total Spaces: 16
- Parking: Attached Garage, Unpaved, Parking Lot
- Garage Description: Attached Garage, Unpaved, Parking Lot
Location
- County: Fairfield
- Complex: Stone House Commons
- Driving Directions: 1 block removed from I-84 East, Ext 5, Turn right into Smith Street. See sign for Stone House Commons parking lot.
- Traffic Count: 11400
- Location Details: Highway Access, Downtown, Urban
Heating & Cooling
- Cooling Type: Central Air, Heat Pump, Zoned
- Heating Type: Baseboard, Heat Pump, Hot Water, Steam, Electric, Natural Gas, Oil
- Heating Fuel: Electric, Natural Gas, Oil
Utilities
- Sewer: Public Sewer Connected
- Water: Public Water Connected
- Utility Description: Electric, Gas, Telephone, Cable
- Onsite: Electric, Gas, Telephone, Cable
Structural Information
- Exterior Const.: Frame, Stone
- Roof: Asphalt Shingle, Rubber
- Ceiling Height: 9
- Amps: 100
- Stories/Levels: 3
- Stories in Building: 3
- Square Feet: 5,220
- Sq. Ft. Source: Owner
- Living Area: 1,820 Sq. Ft.
- Current Bldg. Use: pro office bldg + residence
- Office: 3,400 Sq. Ft.
- Year Built: 1905
Unit Information
- # Tenants: 3
Unit 1
- Unit Description: Office
- Square Feet: 3400
- Total Bathrooms: 2
- Partial Bathrooms: 1
Unit 2
- Unit Description: 2 Bedrooms
- Square Feet: 1820
- Total Bathrooms: 2
- Partial Bathrooms: 1
Unit 3
- Unit Description: Office
Lot Features
- Lot Size (Acres): 0.34
- Frontage: State Road, Municipal Street, Paved Road
- Frontage Feet: 238
- Street/Road Desc.: State Road, Municipal Street, Paved Road
- Present Use: pro office bldg + residence
- Potential Use: full commercial &/or residence
- Zoning: CG-20 OPPORTUNITY ZONE
- Lot Description: Corner Lot, Level Lot, Sloping Lot, Treed
Financial Considerations
- Annual Sewer Fee: $500
- Assessment Amount: $391,700
- Tax Amount: $10,811
- Tax Year: July 2019-June 2020
Disclosures and Reports
- Documents Avail.: Legal Description, Plot Plan/Survey, Zoning Approval
- Property ID: 74937
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Price & Sales History for 10-12 Downs St #3
Date
Details
Price
Change
Source
10/02/2019
Sold
$625,000
-21.78%
MLS
2/17/2019
Listed
$799,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
10-12 Downs Street #3, Danbury, CT 06810 (MLS# 170164800) is a Office property that was sold at $625,000 on October 02, 2019. This property was sold by Lonnie Shapiro from our Ridgefield Office.Want to learn more about 10-12 Downs Street #3? Do you have questions about finding other Office real estate for sale in Danbury? You can browse all Danbury real estate or contact a Coldwell Banker agent to request more information.


