26 Prospect Street, Unit 26, Village CenterRidgefield, CT 06877MLS Number 170216224

  • Price: $1,250,000
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Federal 30-year interest rate: 2.97% last updated on Feb 25, 2021
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
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Active
26 Prospect Ridgefield CT 06877
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  • 1Acreage
  • 1973Year Built
  • 1,068Square Feet

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The price listed is for unit 24 and 26. Currently Eddie's Pizza. There are 6 years left on the lease which remains binding on the new owner. Tenant pays $6,900/mo with a 3% escalation clause every January. Eddie's Pizza is not for sale, just the real estate. Currently there is a 6.6 cap rate. Cap rate goes up when the rent goes up. There is a triple net lease in place.
Listed by Lonnie Shapiro of Coldwell Banker Realty

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More Info

Basic Information

  • Broker NameColdwell Banker Realty
  • List Price$1,250,000
  • MLS Number170216224
  • Property TypeCommercial For Sale
  • StatusACT
  • TownRidgefield
  • Gross annual income$82,800
  • Commercial catagoryOffice, Retail, Other
  • Also for leaseNo
  • MLS StatusActive

Utilities

  • Heat SystemHot Air
  • Heating FuelNatural Gas
  • Utilities availableElectric, Gas, Telephone, Cable Available, Fire Suppression System
  • Water sourcePublic Water Connected
  • Cooling SystemCentral Air
  • Septic approvalNo
  • Septic plan availableNo
  • Sewage systemPublic Sewer Connected

Tax Information

  • Assessed value$263,530
  • Taxes$7,410
  • Tax YearJuly 2020-June 2021
  • Milrate base28
  • Milrate total28.12

Building

  • FoundationConcrete
  • RoofAsphalt Shingle
  • Year Built1973
  • Building ConstructionFrame, Brick
  • AtticNo
  • Garage Spaces
  • Garage Parking InfoPaved, Parking Lot
  • Square Feet1,068
  • Stories1
  • Additional space availableNo

Auction

  • Bank owned propertyNo

Basic Information

  • Agent IDK1166,

Location

  • CountyFairfield
  • LocationDowntown, Strip Mall
  • NeighborhoodVillage Center
  • StateCT
  • Zip06877
  • ComplexYankee Ridge

Property

  • Acreage1
  • Lot DescriptionLevel Lot
  • Parking Spaces
  • Parking spaces covered
  • Parking spaces uncovered
  • Parking spaces per 1000sqft
  • FloodzoneNo
  • Business includedNo
  • Road Frontage DescriptionMunicipal Street
  • SwimmingpoolNo

Other

  • Documents AvailableLegal Description, Other
  • Lease purchaseNo
  • Purchase optionNo
  • Inventory includedNo
  • Net operating income82800
  • Space is leasedNo
  • Present useRestaurant
  • Potential useOffice, Retail
  • View Count10
Sotheby's International Realty | William Pitt
Sotheby's International Realty | William Pitt
Office: 203-796-7700
112 Federal Road
Danbury, CT 06811

Information contained in this Smart MLS listing has been compiled from various sources, all of which may not be completely accurate. Smart MLS makes no warranty or representation as to the accuracy of listing information. All information that influences a decision to purchase a listed property should be independently verified by the purchaser. Copyright 2017 Smart MLS, Inc. All rights reserved.

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