211 White Street, Danbury, CT 06810

211 White Street

Danbury, CT 06810

Angel Commercial, LLC, acting as the exclusive commercial real estate broker, is pleased to offer an investment opportunity at 211 White Street in Danbury, CT, for sale at $1,500,000. Fully leased to PPG Paints with a corporate guarantee from a Fortune 500 Company, the property consists of a 6,700 RSF single-story retail building on 0.42 acres conveniently located at a traffic signal at the corner of White Street and Eighth Avenue. The projected 2021 NOI is $186,624.

Pittsburgh Paint (PPG Industries) assumed the lease for this property as a result of their purchase of Painter’s Supply.​ As a $13.8 billion, Fortune 500 company, and global supplier of paints and specialty products, PPG Industries’ acquisition of Painter’s Supply strengthens this investment property.​

ADDITIONAL INCOME SOURCE:
A 3,289 RSF multifamily house renovated in 2012 is included with the acquisition and is currently generating $38,700/annually from month-to-month agreements from three tenants.

The property is 1.5 miles to I-84 (Exits 5 & 6) and situated across from Western State Connecticut University. It is near top national retailers including Walmart, Home Goods, Starbucks, Auto Zone, Dollar Tree, Dunkin’, Walgreens, CVS, McDonald’s and Burger King.

For more information, please contact Jon Angel, President, Angel Commercial, LLC, at (203) 335-6600, Ext.​ 21.

DOCUMENTS

LISTING BROKER
Jon Angel

President
Angel Commercial, LLC

PROPERTY DETAILS 

STREET VIEW

Financial Information
Sale Price: $1,500,000
Real Estate Taxes: $23,936.20 (2022)
Projected 2021 NOI: $186,624
Property Details
Total Building Size: 6,700 RSF (Retail)
3,289 RSF (Multi-Family)
Land: 0.42 Acres
Zoning: High-Rise Residential District (RH3)
Year Built: 1950
Construction: Masonry
Stories: One
Tenancy: Multiple
Occupancy: 100%
Features
Traffic Count: 20,620 Average Daily Traffic Volume
Parking: 14 Spaces
Utilities
Water/Sewer: City/City
A/C: Partial
Heating: Gas
Demographics 3 Miles 5 Miles
Population: 76,643 115,662
Median HH Income: $53,464 $66,786

STREET VIEW

Map of 211 White Street, Da

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