871 Ethan Allen HwyRidgefield, CT 06877

Property Details for 871 Ethan Allen Hwy

Year built

1986

Construction

FRAME

Lot size

0.75 AC

Property size (Sq ft)

11,056 SF

Zone code

B-2

Property type

Office buildings

APN

RIDG M:G10 B:0013

APU

RIDGMG10B0013

Description

This exceptional office property, located at 871 Ethan Allen Highway in Ridgefield, Connecticut, offers a variety of flexible leasing options. The two-story, 11,000 square foot Class B building, constructed in 1986, sits on 7.5 acres and features seven suites, with 5,731 square feet currently available for lease. Spaces range from a minimum of 660 square feet to a maximum contiguous space of 7,544 square feet, catering to businesses of various sizes. The available second-floor suites boast bright, airy layouts, including multiple offices, conference rooms, and reception areas. Modern amenities include independent HVAC systems and ample natural light from numerous operating windows. Convenient walk-up access to the second floor is also a key feature. Short-term lease options are considered. The first floor is currently fully leased. This property is also available for purchase at $1,200,000, presenting a compelling user/investment opportunity. The property is situated in a convenient north Ridgefield location within Fairfield County, zip code 06877.

• CAP approach

  CAP return

  Valuation

  6%

  $1,827,887

  6.5%

  $1,687,280

  7%

  $1,566,760

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,444,577

  Geo Method

  $1,444,577

• Alternative Use

  Use

  Valuation

  Residential

  $2,092,228

  Hospitality

  $1,916,469

  Educational

  $1,594,480

  Medical

  $1,649,316

  Retail

  $2,480,302

Location Insight

City

Ridgefield

County

Fairfield

State

Connecticut

Latitude

41.314

Longitude

-73.4729

CBSA code

14860

CBSA name

BRIDGEPORT-STAMFORD-NORWALK, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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