2876 Main StStratford, CT 06614

Property Details for 2876 Main St

Year built

1963

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.95 AC

Property size (Sq ft)

27,458 SF

Zone code

E-12

Property type

Office properties

Property subtype

Office buildings

APN

STRA M:40-10 B:8 L:2

APU

STRAM4010B8L2

Description

This exceptional medical office building, the Stratford Medical Arts Center, presents two prime lease opportunities totaling 31,184 square feet. Located at 2876 Main Street in Stratford, Connecticut, 06614, this Class B building boasts a convenient location just off I-95, Exit 33, in a high-density medical area. Built in 1963 and extensively renovated in 2014, the two-story building offers suites of 2,614 square feet and 1,388 square feet, with a minimum divisible space of 1,388 square feet. The property features a 9-foot ceiling height and ample parking with 117 spaces available. The 1.95-acre site is zoned E-12, ensuring flexibility for various medical uses. Benefit from high visibility on Main Street, which sees over 19,000 vehicles daily. The lease rate is $27 per square foot, modified gross, plus utilities and interior cleaning. This is an excellent opportunity for medical professionals seeking a well-maintained, conveniently located space in a thriving medical community. The building is professionally managed, ensuring a smooth and efficient operational experience.

• CAP approach

  CAP return

  Valuation

  6%

  $4,539,628

  6.5%

  $4,190,426

  7%

  $3,891,109

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,587,662

  Geo Method

  $3,587,662

• Alternative Use

  Use

  Valuation

  Residential

  $5,196,128

  Hospitality

  $4,759,625

  Educational

  $3,959,952

  Medical

  $4,096,141

  Retail

  $6,159,926

Location Insight

City

Stratford

County

Fairfield

State

Connecticut

Latitude

41.1998

Longitude

-73.1303

CBSA code

14860

CBSA name

BRIDGEPORT-STAMFORD-NORWALK, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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