4 Armstrong RdShelton, CT 06484

Property Details for 4 Armstrong Rd

Year built

1987

Lot size

4.64 AC

Property size (Sq ft)

61,371 SF

Zone code

IA-2

Property type

Office properties

Property subtype

Office buildings

APN

SHEL M:18 L:20

APU

SHELM18L20

Description

This exceptional executive office building at 4 Armstrong Rd, Shelton, CT (06484), offers a variety of suite sizes, ranging from a minimum of 11,800 square feet to a maximum contiguous space of 65,000 square feet, within a total building area of 265,000 square feet. Currently, 32,436 square feet of space is vacant and available for lease. Built in 1923 and renovated in 1985, this single-story building sits on a 5.25-acre lot and boasts impressive features including stunning double atriums, interior landscaping, and exterior balconies. High-end finishes such as marble, granite, and terrazzo enhance the elegant atmosphere. The property offers ample parking with 171 spaces and benefits from dual power feeds (2400 Amps, 400 Volts, 3 phase). On-site amenities include a fitness center, jogging trail, picnic area, a full-service cafeteria, 24/7 card key access, and roving security. Connectivity is ensured through Cablevision Lightpath and Comcast. The building is zoned LI (Light Industrial) and enjoys a highly convenient location in Fairfield County, easily accessible from both Bridgeport Avenue and Armstrong Road, situated near Exit 11 on Route 8, providing easy access to I-95 and the Merritt Parkway. The surrounding area offers a wealth of amenities, including top-tier hotels, fine dining establishments, shops, and community services.

• CAP approach

  CAP return

  Valuation

  6%

  $10,146,459

  6.5%

  $9,365,963

  7%

  $8,696,965

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,018,735

  Geo Method

  $8,018,735

• Alternative Use

  Use

  Valuation

  Residential

  $11,613,794

  Hospitality

  $10,638,172

  Educational

  $8,850,835

  Medical

  $9,155,228

  Retail

  $13,767,965

Location Insight

City

Shelton

County

Fairfield

State

Connecticut

Latitude

41.2678

Longitude

-73.129

CBSA code

14860

CBSA name

BRIDGEPORT-STAMFORD-NORWALK, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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