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Corner Office Unit
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5 Elm Street, New Canaan, CT 06040

Sunlit office suite positioned at the Elm and Main corner with shared-area allocation included.

Property Size1,054 SF
Price / SF$3.31
Days on Market14

Property Features for 5 Elm Street

General Information

Standard status Active
Size 1,054 SF
Property subtype Commercial

Additional Details

Floor Second Floor

Building Details

Year Built 1987
Listing Agency: Houlihan Lawrence
Listed By: Hugh Halsell
Source: Lockandkeyre
Added: Jul 29 Changed: Aug 11 Last Checked: Aug 11 at 5:54AM

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 Houlihan Lawrence

Investment Insights

Based on property information with market context.

This office unit occupies a corner position at Elm and Main, providing abundant natural light and a professional setting within a building constructed in 1987. The 1,054-square-foot measurement includes the unit’s prorated share of common area.

The tenant is responsible for reimbursement of 45.7% of the second-floor electric expense, with monthly invoices supplied by the landlord. Real estate taxes and insurance are paid by the landlord, creating a clearly defined division of operating responsibilities.

Key Highlights

  • 1,054 square feet including prorated common area
  • Corner location at Elm and Main with abundant sunlight
  • Tenant reimburses 45.7% of second‑floor electric expense

Property Analytics

Current Use

Meyer Ridley Architects Architect

Suggested Use

Top Pick Auto Repair Shop Auto Parts Store Building Supply Barber Shop Hotel & Motel Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,542
Businesses Nearby

Demographics for 06040, CT

35,676
Population
15,550
Households
2.3
Avg Household Size
39
Median Age
36%
College-Educated
93%
High-School Grad
16.9 sq mi
ZIP Area
2,111
Density / Sq Mi
$84,741
Median Household Income
$48,208
Median Earnings
$1,361
Median Rent
$238,900
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
Rey
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Frequently Asked Questions

What type of property is this?
Office units - Sunlit office suite positioned at the Elm and Main corner with shared-area allocation included.
Where is this office units located?
The property is located at 5 Elm Street New Canaan, CT.
What is the asking price?
The asking price for this property is Off market.
What are key features of this property?
This property features: 1,054 square feet including prorated common area; Corner location at Elm and Main with abundant sunlight; Tenant reimburses 45.7% of second‑floor electric expense
More about this property
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