1 Gorham Is Rd Westport, CT 06880
This exceptional Class A office building, located at 1 Gorham Island Rd in Westport, CT (06880), offers 40,897 square feet across three stories. Situated on a 5.35-acre lot, the property boasts 123 parking spaces and is currently 100% occupied by three credit-rated tenants under multi-tenant leases extending to 2028. A recent $2.1 million capital improvement project encompassed interior, exterior, structural, and mechanical upgrades. The building's prime location in downtown Westport provides breathtaking views and easy access to abundant amenities, including world-class shopping and dining on Main Street. The property is zoned DDD2 and benefits from the strong office market fundamentals of the Westport submarket within Fairfield County, known for low vacancy and steady rent growth. This institutional-quality investment presents a rare opportunity to acquire a best-in-class asset with exceptional credit tenancy and significant in-place cash flow, ensuring a stable and appreciating investment. The building's irreplaceable location on the Saugatuck River within the heart of downtown Westport further enhances its value and desirability.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.