164 Kings HwyWestport, CT 06880

Property Details for 164 Kings Hwy

Year built

1940

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.52 AC

Property size (Sq ft)

5,267 SF

Zone code

RBD

Property type

Showrooms

APN

WPOR M:C10 L:099-000

APU

WPORMC10L099000

Description

This exceptional 6,000 square foot medical office building, situated at 164 Kings Highway North in Westport, Connecticut, presents a unique investment opportunity. Located just off Main Street and within walking distance of downtown Westport's shops, this property offers convenient access and high visibility. Built in 1940 with additions in 1988-1989, the building boasts high-end construction. Currently, 4,000 square feet of space is available for lease, offering flexible options ranging from 500 to 2,500 contiguous square feet. The building comprises three total suites, providing a variety of configurations to suit diverse needs. Ample parking is provided with 23 free surface spaces, a ratio of 3.90 per 1,000 square feet. The property sits on a generous 52-acre lot in Fairfield County, offering significant potential. This is an ideal location for medical practices seeking a prominent presence in a thriving community. The building's history reflects a commitment to quality, making it an attractive option for discerning tenants. The available space offers a chance to establish or expand a medical practice in a highly desirable area. The property's location and size make it a compelling investment opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $1,280,065

  6.5%

  $1,181,598

  7%

  $1,097,198

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,734,229

  Geo Method

  $1,734,229

• Alternative Use

  Use

  Valuation

  Residential

  $996,722

  Hospitality

  $912,992

  Educational

  $759,599

  Medical

  $785,723

  Retail

  $1,181,598

Location Insight

City

Westport

County

Fairfield

State

Connecticut

Latitude

41.1456

Longitude

-73.3621

CBSA code

14860

CBSA name

BRIDGEPORT-STAMFORD-NORWALK, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].