33 Riverside AveWestport, CT 06880

Property Details for 33 Riverside Ave

Year built

1971

Construction

STEEL FRAME

Lot size

0.54 AC

Property size (Sq ft)

44,000 SF

Zone code

GBD

Property type

Other commercial real estate

Property subtype

Showrooms

APN

WPOR M:C09 L:120-000

APU

WPORMC09L120000

Description

This exceptional 5,843-square-foot executive office space at 33 Riverside Avenue in Westport, Connecticut, presents a unique opportunity. Located in Fairfield County, this multi-tenant building offers stunning views of the Saugatuck River and the charming downtown Westport area. The property boasts a recently renovated exterior, including updated hardscaping, and features a beautifully redesigned entrance lobby and common areas with high-end finishes. This makes 33 Riverside Avenue one of Westport's most desirable commercial properties. The entire 5,843 square feet is currently vacant and available for lease. Its convenient location provides easy access to I-95 and the Merritt Parkway, making it an ideal location for businesses seeking excellent accessibility and a prestigious address. The property's proximity to diverse retail and cultural attractions further enhances its appeal. This is a rare chance to secure a prominent riverfront office space in a thriving Connecticut town. The property is classified as both retail and office space, offering flexibility for various business needs. The building's modern amenities and prime location combine to create an unparalleled work environment.

• CAP approach

  CAP return

  Valuation

  6%

  $10,693,536

  6.5%

  $9,870,956

  7%

  $9,165,888

• Comparable approach

  Method

  Valuation

  Relative Method

  $14,487,581

  Geo Method

  $14,487,581

• Alternative Use

  Use

  Valuation

  Residential

  $8,326,521

  Hospitality

  $7,627,048

  Educational

  $6,345,615

  Medical

  $6,563,850

  Retail

  $9,870,956

Location Insight

City

Westport

County

Fairfield

State

Connecticut

Latitude

41.1395

Longitude

-73.3637

CBSA code

14860

CBSA name

BRIDGEPORT-STAMFORD-NORWALK, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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