1 Gorham Is Rd Westport, CT 06880
- Office Properties & Spaces
- 40,897 SF
- 5.35 lot acres
Current Use by Public Records
- Isalis / Gift Shop / Boutique
- Party City / Party Store / Balloon Store
- Skunk Funk / Wholesaler / Clothing Store
- Carl's Trading Co / Hat Shop
- Bushka's Kitchen LLC / Outdoor Clothing And Equipment Shop
Property Details for 1 Gorham Is Rd
- Lot size
- 5.35 lot acres
- Property size
- 40,897 SF
- Property type
- Office Properties & Spaces
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Westport
- County
- Fairfield
- State
- Connecticut
- Longitude
- -73.3638
- Latitude
- 41.1443
