164 Kings HwyWestport, CT 06880
- Other commercial real estate
- 5,267 SF
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
- Other commercial real estate
- Property subtype
- 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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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