33 Elm StWestport, CT 06880

Property Details for 33 Elm St

Year built

2020

Construction

STEEL FRAME

Lot size

0.15 AC

Property size (Sq ft)

9,259 SF

Property type

Showrooms

APN

WPOR M:C10 L:157

APU

WPORMC10L157

Description

This exceptional 1,450-square-foot retail space is located at 33 Elm Street in the vibrant heart of downtown Westport, Connecticut. Situated in Fairfield County, this newly constructed boutique space offers an unparalleled opportunity for businesses seeking high visibility and foot traffic. The property boasts a desirable location, directly adjacent to a municipal parking lot on Elm Street, ensuring convenient access for customers. Its prime position places it in close proximity to established businesses such as Serena & Lily and Bedford Square, further enhancing its appeal and potential for success. The space itself is designed with modern aesthetics in mind, featuring high ceilings, abundant natural light from expansive glass windows, and an open floor plan conducive to a variety of retail concepts. Each unit offers impressive 21 feet of street frontage, maximizing visibility from Main Street. Currently, the entire 1,450 square feet is available for lease as a single unit, presenting a unique chance to establish a flagship location in a thriving Connecticut town. The property is classified as commercial retail, suitable for restaurants or other retail businesses. The zip code is 06880. This is a single-suite building with multiple tenancy potential. Don't miss this chance to secure a prominent retail presence in one of Connecticut's most desirable locations.

• CAP approach

  CAP return

  Valuation

  6%

  $2,250,260

  6.5%

  $2,077,163

  7%

  $1,928,794

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,048,648

  Geo Method

  $3,048,648

• Alternative Use

  Use

  Valuation

  Residential

  $1,752,165

  Hospitality

  $1,604,974

  Educational

  $1,335,319

  Medical

  $1,381,243

  Retail

  $2,077,163

Location Insight

City

Westport

County

Fairfield

State

Connecticut

Latitude

41.1429

Longitude

-73.361

CBSA code

14860

CBSA name

BRIDGEPORT-STAMFORD-NORWALK, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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