For Sale

457 N Main ST

457 North Main Street,
Danbury, CT 06811
Represented by
EAC Properties LLC

Asset Snapshot

1986
Year Built
4
Floor Count
88
Parking Spots
0.63 Acres
Land Area

Offering Summary

Investment Overview

EAC Properties LLC is proud to exclusively present "The Atrium", a 22,769 SF medical office building on approximately 0.63 acres in Danbury, Connecticut available for Sale or Ground Lease.
Currently less than 25% occupied with Connecticut Health Career Institute, Gaby Chin Multi-Sevices, Jewelry store in place with flexible lease terms.
Flexible offering: acquisition and lease-up for an investor, a groundlease position for capital that wants the fee without construction risk, mixed-use adaptive reuse for a builder-buyer working at cost, a
medical build-out entered at a general-office basis, or an 80-to-150-person corporate headquarters with SBA 504 eligibility. Leases, rent roll, and estoppels are available to qualified parties, and every strategy
remains subject to municipal approvals and buyer diligence.

Highest and best use appears to be mixed-use redevelopment, with early concepts indicating ~9,000 SF retail and 30–36 residential units.


Area Overview

Acquire a 22,769 SF Danbury office property for medical owner-occupancy, a potential long-term ground-lease structure, or adaptive reuse to residential. This 0.63-acre asset presents multiple paths to create value, subject to zoning, parking, approval and feasibility diligence either straight sale or ground lease opportunity. 


Highlights

Acquire a 22,769 SF Danbury office property for medical owner-occupancy, a potential long-term ground-lease structure, or adaptive reuse to residential. This 0.63-acre asset presents multiple paths to create value, subject to zoning, parking, approval and feasibility diligence either straight sale or ground lease opportunity. 
TEN HIGHLIGHTS: 
1. Control the real estate beneath the practice—an owner-operator can replace lease uncertainty with long-term occupancy control and equity potential.
2. Tailor the building around clinical workflow, patient circulation, administrative functions and future growth rather than adapting to a landlord’s standard office layout.
3. At a (Inquire for price) asking price, the existing building basis is approximately, giving users and developers a clear starting point for comparison and underwriting.
4. The 22,769 SF scale can support a substantial single-user headquarters or a phased owner-occupancy strategy with potential complementary tenancy, subject to layout and code review.
5. A ground lease can be explored as a way to separate long-term land ownership from building operations and improvements.
6. For an operator, a negotiated ground-lease structure may reduce upfront real estate capital while preserving long-term site control, subject to financing and lease terms.
7. Residential adaptive reuse offers a distinct value-creation path if unit yield, parking, zoning, utilities and construction costs support the plan.
8. The existing improvements give conversion buyers a tangible structure to evaluate rather than a ground-up concept alone.
9. Three credible buyer narratives—medical occupancy, ground lease and residential conversion—expand the prospect pool and reduce reliance on conventional office demand.


How it Works

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Listing Syndicated From

RealNex
Accepting Offers
Unlisted
Asking Price

Investment Sales Broker

Andreas Senie
EAC Properties LLC

Market Insights