Property profile

33 Elm St Westport, CT 06880

FOR LEASE
Showrooms
Property ID
US15-0136500
9,259 SF 0.15 ac lot Built 2020
Entity Owned 7-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 1,450-square-foot retail space is located at 33 Elm Street in the vibrant heart of downtown Westport, Connecticut. Situated in Fairfield County, this newly constructed boutique space offers an unparalleled opportunity for businesses seeking high visibility and foot traffic. The property boasts a desirable location, directly adjacent to a municipal parking lot on Elm Street, ensuring convenient access for customers. Its prime position places it in close proximity to established businesses such as Serena & Lily and Bedford Square, further enhancing its appeal and potential for success. The space itself is designed with modern aesthetics in mind, featuring high ceilings, abundant natural light from expansive glass windows, and an open floor plan conducive to a variety of retail concepts. Each unit offers impressive 21 feet of street frontage, maximizing visibility from Main Street. Currently, the entire 1,450 square feet is available for lease as a single unit, presenting a unique chance to establish a flagship location in a thriving Connecticut town. The property is classified as commercial retail, suitable for restaurants or other retail businesses. The zip code is 06880. This is a single-suite building with multiple tenancy potential. Don't miss this chance to secure a prominent retail presence in one of Connecticut's most desirable locations.

Property profile

Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 2020
Construction STEEL FRAME
Total area 9,259 SF
Lot 0.15 ac (6,534 SF)
APN WPOR M:C10 L:157
UPID US15-0136500

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Clothing & Fashion Store
  • Spa & Massage Center Skin Care Clinic
  • Art Studio
  • Nail Salon
  • Nail Salon

Location

33 Elm St Westport, CT 06880
Westport metro Census 50200 BRIDGEPORT-STAMFORD-NORWALK, CT METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.02M

Owner & transaction history

since 2018
2 recorded transactions
2023
Price N/A
2018
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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