418 Meadow StFairfield, CT 06824

Property Details for 418 Meadow St

Year built

1989

Property size (Sq ft)

478 SF

Property type

Office properties

APN

FAIR M:128 B:184 L:1

APU

FAIRM128B184L1

Description

This exceptional Fairfield, CT property offers 24,305 square feet of Class A office and warehouse space in a two-story building, built in 1989, situated on a 1.05-acre lot. The property is zoned DI and features two suites available, with a minimum divisible space of 2,300 square feet and a maximum contiguous space of 3,228 square feet. Currently, 5,528 square feet are vacant. Suite 202 (2,300 sq ft) is available for sublease until June 30, 2027, with potential extension, offering five private offices, an open office area, a conference room, and two restrooms. Suite 203 (3,228 sq ft) is available for lease and includes a reception area, six private offices, a kitchenette, a private restroom, and open office areas. Both suites boast modern amenities including AtmosAir™ Indoor Environmental Purification Systems. Building amenities include central air conditioning, a wet sprinkler system, and a security alarm system. Sixty parking spaces are available for shared use. The location provides convenient access to I-95 (Exits 23 & 24) and the Fairfield Metro Train Station (half a mile away), as well as numerous nearby amenities including Staples, Home Depot, Whole Foods Market, and more. Lease rates start at $23 per square foot gross plus utilities (sublease) and $25 per square foot gross plus utilities (lease).

• CAP approach

  CAP return

  Valuation

  6%

  $79,028

  6.5%

  $72,949

  7%

  $67,738

• Comparable approach

  Method

  Valuation

  Relative Method

  $62,455

  Geo Method

  $62,455

• Alternative Use

  Use

  Valuation

  Residential

  $90,456

  Hospitality

  $82,857

  Educational

  $68,936

  Medical

  $71,307

  Retail

  $107,234

Location Insight

City

Fairfield

County

Fairfield

State

Connecticut

Latitude

41.1629

Longitude

-73.2389

CBSA code

14860

CBSA name

BRIDGEPORT-STAMFORD-NORWALK, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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