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79 Federal Road - For Sale or Lease $6950 / month or $1, 575, 000. Prime Commercial Property at 79 Federal Rd, Danbury, CT Property Overview: This exceptional commercial property at 79 Federal Rd, Danbury, CT 06811, presents a unique opportunity for businesses seeking a high-traffic location with excellent visibility. Currently operating as a vehicle sales and rental business, this property is ideally suited for similar ventures or a variety of other retail uses because of its CG20 zoning. The property is strategically located on Federal Road across from Home Depot and Circuit City, next door to "Greentree Toyota" and one block from Colonial Ford. Key Features: Building Size: 1, 300 sq ft of retail space Lot Size: 39, 640 sq ft (0. 91 acres) Year Built: 1957 Updated in 2022 Construction: Masonry Roof Type: Flat Heating: Forced hot air Heating Fuel: Oil Sewer: Septic Parking: 39 Paved Layout: Two Service Bays + Office Zoning: CG20, allowing for many retail types of uses High Traffic Location: Situated on Federal Road with an estimated 22, 135 daily traffic count. Additionally, US 7 and US 202 have an estimated daily traffic count of 25, 238. Proximity to Other Businesses: The property is located near Home Depot, Best Buy, Lowe's, Walmart, Stew Leonard's, AMC Theater, Kohl's, Starbucks, Newtown Savings Bank, Walgreens, and Arby's. It is also located near Greentree Toyota and other auto dealerships. Flood Zone: AE High, which may require flood insurance. Lease price: $6, 950 per month NNN 2024-2025 Taxes: $15, 007 per year Location Highlights: The property is situated on Federal Road, a highly trafficked area. Nearby retailers include Home Depot, Circuit City, and Greentree Toyota. Proximity to major roadways, US 7, and US 202.
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William Raveis Real Estate
Phone: 888.699.8876
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William Raveis Mortgage, LLC
Phone: 845.290.3871
Matthew.DeMaria@raveis.com
NMLS Mortgage Loan Originator ID 147983
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $5,560 | $5,560 | $5,560 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.375% | 5.990% | 5.250% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.161% | 6.144% | 5.541% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $31 | $33 | $45 |
| Total Monthly Payment | $106 | $108 | $120 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.