135 Rennell DrFairfield, CT 06890

Property Details for 135 Rennell Dr

Year built

1990

Construction

FRAME

Lot size

0.36 AC

Property size (Sq ft)

8,165 SF

Zone code

B1

Property type

Other commercial real estate

Property subtype

Showrooms

APN

FAIR M:243 B:27-A

APU

FAIRM243B27A

Description

This exceptional 7,500 square foot, three-story Class B office building, constructed in 1990 and renovated in 2020, presents a unique opportunity in Fairfield, Connecticut. Located at 135 Rennell Drive, this property boasts a prime location, less than three blocks from I-95, the Southport Train Station, Southport Center, and Route 1/Post Road, offering easy access to numerous retail and dining options. The building features two suites, with one suite currently vacant, totaling 3,750 square feet of immediately available space. This minimum divisible space is also the maximum contiguous space available. The building sits on a 0.36-acre lot and includes 30 parking spaces and an elevator for convenient access to all three floors. The B1 zoning allows for a variety of commercial uses. Meticulously maintained, this property offers a blend of convenience and charm, situated in the picturesque Southport neighborhood, just a short walk from Southport Harbor. The building's pristine condition reflects the owner-occupier's commitment to quality. This is an ideal location for businesses seeking a well-maintained, conveniently located office space in a desirable Fairfield setting.

• CAP approach

  CAP return

  Valuation

  6%

  $1,984,380

  6.5%

  $1,831,735

  7%

  $1,700,897

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,688,434

  Geo Method

  $2,688,434

• Alternative Use

  Use

  Valuation

  Residential

  $1,545,137

  Hospitality

  $1,415,338

  Educational

  $1,177,544

  Medical

  $1,218,042

  Retail

  $1,831,735

Location Insight

City

Southport

County

Fairfield

State

Connecticut

Latitude

41.1372

Longitude

-73.2889

CBSA code

14860

CBSA name

BRIDGEPORT-STAMFORD-NORWALK, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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