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    871 Ethan Allen Hwy Ridgefield, CT 06877

    Sponsored
    For Sale
    $1,200,000

    Medical & Traditional Office Space, Great Investment

    Property size:
    11,253 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This 11,253 square foot, two-story office building at 871 Ethan Allen Hwy in Ridgefield, Connecticut is a prime investment opportunity. The property, built in 1986 and situated on a 0.75-acre lot, is currently 50% occupied, with the first floor fully leased. The second floor offers multiple office suites available for lease, each featuring several offices, a conference room, and a reception area. These bright and airy spaces are equipped with independent HVAC systems and ample windows, making them ideal for today's work environment. The building is zoned B-2 and offers walk-up access to the second floor. Short-term lease options are available. The property consists of one building with seven units, classified as Class B, and is offered for sale at $1,200,000 ($106.64/sq ft). This is a gross lease property with no tenant credit rating. The property is an excellent owner/user opportunity. This multi-tenant building presents a strong investment potential in a convenient north Ridgefield location.

    Property Features for 871 Ethan Allen Hwy

    General Information

    Property type
    Medical offices
    Square Feet
    11,253 SF
    Class
    B
    Lot Size
    32,670 SF

    Building Details

    Year Built
    1986
    Buildings
    1
    Stories
    2
    Units
    7
    Property Profile Location Intelligence

    Current Use by Public Records

    Pardee Chiropractic Center Chiropractor Darrin D. Pardee, ... Chiropractor Maurer & Associates PC Employment Attorney RIDGEFIELD OFFICE - Dr. ... Plastic Surgeon CT Scoliosis and Spine ... Physical Therapist

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ridgefield
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.472393534339
    Latitude
    41.314145443948

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    FAQs

    What type of property is this?
    Medical office - Medical & Traditional Office Space, Great Investment
    Where is this medical office located?
    The property is located at 871 Ethan Allen Hwy Ridgefield, CT.
    What is the asking price?
    The asking price for this property is $1,200,000.
    Request Owner's contact information
    871 Ethan Allen Hwy Ridgefield, CT 06877
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    Ridgefield, CT 06877
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    871 Ethan Allen Hwy Ridgefield, CT 06877
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