Retail-Office Building with
For Sale
Contact for pricing
18 Locust Ave, New Canaan, CT 06840
Newly completed 2017 brick-and-block building with elevator, on-site generator, and dedicated parking for 27 vehicles.
Property Size8,425 SF
Days on Market144
Property Features for 18 Locust Ave
General Information
Standard status
Active
Size
8,425 SF
Class
Trophy Asset
Total Parking Spaces
27
Property subtype
Retail
Building Details
Year Built
2017
Stories
2
Tenancy
Multi
Listing Agency:
Worth Property Group
Listed By:
Anthony Naporlee · License #10401377232
Source:
Crexi
Added: Apr 12
Changed: Aug 26
Last Checked: Aug 14 at 7:39AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Worth Property Group
Investment Insights
Based on property information with market context.
18 Locust Avenue is an 8,425 SF brick-and-block retail/office building completed in 2017. The property has two tenants, with the first floor occupied by the United States Postal Service and the second floor occupied by a law firm with offices in Manhattan and New Canaan. Both tenants have committed to ten-year terms.
The building is positioned in the heart of New Canaan, Connecticut. Operational support includes a full building on-site generator, an elevator, and a dedicated parking lot with 27 parking spaces.
A portion of the income is supported by USPS, which is backed by the U.S. Government, and is described in the offering materials as having an S&P credit rating of AA+. Financial information is available upon completion of the required confidentiality agreement and prequalification with the listing broker.
The building is positioned in the heart of New Canaan, Connecticut. Operational support includes a full building on-site generator, an elevator, and a dedicated parking lot with 27 parking spaces.
A portion of the income is supported by USPS, which is backed by the U.S. Government, and is described in the offering materials as having an S&P credit rating of AA+. Financial information is available upon completion of the required confidentiality agreement and prequalification with the listing broker.
Key Highlights
- 8,425 SF retail/office building on Locust Avenue in the heart of New Canaan, CT.
- Two tenants: first floor USPS and second floor a NYC law firm with Manhattan and New Canaan offices.
- Both tenants committed to ten‑year terms; USPS lease described as irrevocable and backed by the US Government.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,540
Businesses Nearby
Explore this area
Business Placement
Demographics for 06840, CT
20,612
Population
7,668
Households
2.7
Avg Household Size
42
Median Age
83%
College-Educated
98%
High-School Grad
22.2 sq mi
ZIP Area
928
Density / Sq Mi
$250,001
Median Household Income
$106,456
Median Earnings
$3,501
Median Rent
$1,534,100
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Office building - Newly completed 2017 brick-and-block building with elevator, on-site generator, and dedicated parking for 27 vehicles.
Where is this office building located?
The property is located at 18 Locust Ave New Canaan, CT.
What are key features of this property?
This property features: 8,425 SF retail/office building on Locust Avenue in the heart of New Canaan, CT.; Two tenants: first floor USPS and second floor a NYC law firm with Manhattan and New Canaan offices.; Both tenants committed to ten‑year terms; USPS lease described as irrevocable and backed by the US Government.
