39 Locust AveNew Canaan, CT 06840

Property Details for 39 Locust Ave

Year built

1982

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.43 AC

Property size (Sq ft)

16,190 SF

Zone code

BUSC

Property type

Office buildings

APN

NCAN M:000T B:073 L:00724

APU

NCANM000TB073L00724

Description

This exceptional 1,150-square-foot executive office suite is located at 39 Locust Avenue in New Canaan, Connecticut, within a larger three-story building totaling 12,600 square feet. The property offers a single-tenant occupancy, ideal for a business seeking a prestigious and convenient location. The suite is part of a building featuring ample on-site parking, with a ratio of three spaces per 1,000 square feet, plus additional visitor parking. Enjoy the convenience of a walkable distance to both the train station and local restaurants, streamlining commutes and offering convenient lunch options. Building amenities include nightly janitorial service, ensuring a clean and well-maintained workspace. The property is situated in Fairfield County, Connecticut, with the precise address being 39 Locust Ave, New Canaan, CT 06840. This executive office space presents a unique opportunity for businesses seeking a high-quality, well-located, and amenity-rich environment in a desirable Connecticut town. The building's strategic location and included services make this an attractive option for businesses prioritizing convenience and efficiency. The available space is ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $2,676,690

  6.5%

  $2,470,791

  7%

  $2,294,306

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,115,386

  Geo Method

  $2,115,386

• Alternative Use

  Use

  Valuation

  Residential Income

  $3,063,781

  Hospitality / Lodging

  $2,806,407

  Institutional / Educational

  $2,334,898

  Healthcare / Senior Housing

  $2,415,198

  Retail / Commercial

  $3,632,063

Location Insight

City

New Canaan

County

Fairfield

State

Connecticut

Latitude

41.1488

Longitude

-73.4916

CBSA code

14860

CBSA name

BRIDGEPORT-STAMFORD-NORWALK, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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