DANBURY — For less than $10 million, local investors could pick up a rare find, an industrial property along Danbury Municipal Airport with deeded runway rights.
The property is dominated by a 36,000-square-foot building constructed about 10 years ago as the home for Highcroft Racing. With the racing business no longer in operation, the building’s owners have put the property up for sale.
No expense, it appears, was spared when constructing the building, which, for automotive work, includes a garage area large enough for a tractor trailer. The lobby area of the building includes a mezzanine section with glass walls overlooking the airport, a leather-lined staircase and terrazzo tile.
“There really is nothing else like it in the region,” said Brian Donahue, an agent with Goodfellow Real Estate.
The Highcroft building, which sits on a little more than three acres, is listed for about $6.5 million. About 20,000 square feet of the building is occupied by three tenants. The property includes an extensive security system along with gated access.
“Anyone who purchases the building will immediately see a cash flow from the property,” said Donahue, who declined to comment on the leasing rates for the current occupants.
Also listed for sale is an adjoining property known affectionately in Danbury as the Macton building or the “round” building that sits a stone’s throw from the runway.
The building, which includes industrial space and offices, was originally the home of Macton Corp., a privately held company that built many of the systems in use at rotating restaurants throughout the world.
The round shape of the $2.5 million building aided the company in creating the systems. A large lift system that can haul more than 4,000 pounds is still inside the building and functional, Donahue said.
“It really is a great space that has a variety of uses,” he said.
Michael Safranek, assistant administrator of the airport, said the properties just a few with deeded runway rights. The majority of properties along the airport, he said, lease their runway access from the city.
“It’s a very unusual and a very rare piece of property to become available along the airport,” he said.
Safranek said he would like to see the property, particularly the round building, used for an aviation purpose because of its location and access to the runway system.
“The round building really has a tremendous amount of space,” he said. “I personally would love to see that building used for an aviation technical school.”
Donahue said he has been getting calls from real estate agents locally and outside the region.
“It’s been getting a lot of attention,” he said.
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