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    49-51 Locust Ave New Canaan, CT 06840

    Sponsored
    For Lease
    $35 SF/Yr

    Traditional Office Suites Available Now

    Lot size:
    19,400 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional New Canaan office property, located at 49-51 Locust Avenue, offers a rare opportunity to lease flexible, high-quality space. The two-story building totals 19,400 square feet, with multiple tenancy options available. Individual suites range from a minimum of 685 square feet to a maximum contiguous space of 2,530 square feet, providing flexibility for businesses of various sizes. Currently, 3,215 square feet is vacant and ready for immediate occupancy. The landlord is committed to providing a turnkey solution, renovating the space to meet the specific needs of the tenant. The building boasts ample parking, with a ratio of three spaces per 1,000 square feet, plus additional visitor parking. Situated in Fairfield County, Connecticut, this property offers a prestigious address in the desirable town of New Canaan, with the convenience of zip code 06840. The building's traditional office style provides a classic and professional atmosphere. Don't miss this chance to secure your ideal workspace in this highly sought-after location. Contact us today to schedule a viewing and discuss your specific requirements.

    Property Features for 49-51 Locust Ave

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    19,400 SF
    Total Rate
    56583.33

    Building Details

    Stories
    2

    Unit(s) available at that property

    Space
    Available Suite
    Size
    2,530 SF
    Rate per SF
    $35
    Space
    Space Available
    Size
    685 SF
    Rate per SF
    $35

    HighLights

    • 19,400 SF two‑story office building in New Canaan, CT.
    • Multiple suite options available, ranging from 685 SF to 2,530 SF contiguous.
    • 3,215 SF immediately available.
    • Landlord offers tenant improvement allowances for build‑out.
    • Ample parking: 3 spaces per 1,000 SF plus visitor parking.
    • Prestigious New Canaan location (06840 zip code).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    New Canaan
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.4912406
    Latitude
    41.1490422

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    FAQs

    What type of property is this?
    Office Property / Space - Traditional Office Suites Available Now
    Where is this office property / space located?
    The property is located at 49-51 Locust Ave New Canaan, CT.
    What is the lease rate?
    The lease rate is $35 SF/Yr.
    What are key features of this property?
    This property features: 19,400 SF two-story office building in New Canaan, CT.; Multiple suite options available, ranging from 685 SF to 2,530 SF contiguous.; 3,215 SF immediately available.
    Request Owner's contact information
    49-51 Locust Ave New Canaan, CT 06840
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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
    49-51 Locust Ave New Canaan, CT 06840
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