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Property profile & analytics
OFF-MARKET
Office Spaces

1 Gorham Is Rd Westport, CT 06880

40,897 SF 5.35 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office Spaces
Total area 40,897 SF
Lot 5.35 ac (233,046 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Isalis (Bike/Boat/Book/etc) Store
  • Party City Party Supply Store (Bike/Boat/Book/etc) Store
  • Skunk Funk Big Box & Wholesale Store
  • Carl's Trading Co Hat Shop
  • Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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