Building Details

Year Built 1985

Listing Agency: William Pitt Sotheby's Int'l s***@wpsir.com Show Phone

Listed By: SUSAN MALAN · License #0801539

Source: Corcoran

Added: Feb 17 Changed: Aug 27 Last Checked: Aug 30 at 5:56PM

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Investment Insights

Based on property information with market context.

Two commercial office units, identified as Units 1300 and 1400, are available for sale, offering a combined area of approximately 2,400 square feet. Unit 1300 is situated on the first floor, while Unit 1400 is located on the second floor. The space is described as bright and professional, featuring new flooring, private restrooms, and a turnkey condition throughout both levels. Unit 1300 is currently leased until May 2027, providing immediate rental income. Unit 1400 is available for owner-occupancy or additional leasing. The property is suitable for professional offices, medical or wellness services, creative studios, or various commercial uses. Located near the center of town, the property offers off-street parking and a quiet setting. This property presents an opportunity for investors seeking income or business owners looking to secure their own space while offsetting expenses with an existing tenant.

Key Highlights

• Immediate rental income from Unit 1300, leased through May 2027.
• Combined 2,400 square feet of updated, turnkey office space across two units.
• Unit 1400 offers flexibility for owner‑occupancy or additional leasing.

Property Analytics

Current Use

Office Units

Location Intelligence

Trade Area within ½ mile

631

Businesses Nearby

Explore this area Business Placement

Demographics for 06475, CT

10,481

Population

5,983

Households

1.8

Avg Household Size

55

Median Age

57%

College-Educated

97%

High-School Grad

15.1 sq mi

ZIP Area

694

Density / Sq Mi

$119,500

Median Household Income

$55,081

Median Earnings

$1,823

Median Rent

$479,100

Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

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Frequently Asked Questions

What type of property is this?

Office units - Two commercial office units totaling 2,400 SF for sale.

Where is this office units located?

The property is located at 123 Elm Street #13 & 14 Fenwick, CT.

What is the asking price?

The asking price for this property is $225,000.

What are key features of this property?

This property features: Immediate rental income from Unit 1300, leased through May 2027.; Combined **2,400 square feet of updated, turnkey office space** across two units.; Unit 1400 offers flexibility for owner‑occupancy or additional leasing.