Property profile

33 Riverside Ave Westport, CT 06880

FOR LEASE
Showrooms
Property ID
US15-0462728
44,000 SF 0.54 ac lot Built 1971
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 5,843-square-foot executive office space at 33 Riverside Avenue in Westport, Connecticut, presents a unique opportunity. Located in Fairfield County, this multi-tenant building offers stunning views of the Saugatuck River and the charming downtown Westport area. The property boasts a recently renovated exterior, including updated hardscaping, and features a beautifully redesigned entrance lobby and common areas with high-end finishes. This makes 33 Riverside Avenue one of Westport's most desirable commercial properties. The entire 5,843 square feet is currently vacant and available for lease. Its convenient location provides easy access to I-95 and the Merritt Parkway, making it an ideal location for businesses seeking excellent accessibility and a prestigious address. The property's proximity to diverse retail and cultural attractions further enhances its appeal. This is a rare chance to secure a prominent riverfront office space in a thriving Connecticut town. The property is classified as both retail and office space, offering flexibility for various business needs. The building's modern amenities and prime location combine to create an unparalleled work environment.

Property profile

Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1971
Construction STEEL FRAME
Total area 44,000 SF
Lot 0.54 ac (23,522 SF)
Zoning code GBD
APN WPOR M:C09 L:120-000
UPID US15-0462728

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
  • Shipping Company Freight Service
  • Law Firm
  • Law Firm
  • Law Firm
  • Corporate Office

Location

33 Riverside Ave Westport, CT 06880
Westport metro Census 50400 BRIDGEPORT-STAMFORD-NORWALK, CT METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.47M

Owner & transaction history

since 2022
2 recorded transactions
2022
Price N/A
2005
$16.5M

Zoning & alternative use

GBD · Westport, CT
Zoning description

n and Rehabilitation of Existing Facades within Public View 23-9A.3 Documentation of Existing Conditions 23-10 Signs 23-11 Parking and Loading 23-12 Landscaping, Screening and Buffer Areas §24 GENERAL BUSINESS DISTRICT (…

General category COMMERCIAL

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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