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Property profile & analytics
FOR LEASE
Office buildings

39 Locust Ave New Canaan, CT 06840

16,190 SF 0.43 ac lot Built 1982
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US15-0680608
39 Locust Ave, New Canaan, CT 06840 For Lease
$35 SF/Yr
39 Locust Ave, New Canaan, CT 06840
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Property summary
AI-generated overview

This exceptional 1,150-square-foot executive office suite is located at 39 Locust Avenue in New Canaan, Connecticut, within a larger three-story building totaling 12,600 square feet. The property offers a single-tenant occupancy, ideal for a business seeking a prestigious and convenient location. The suite is part of a building featuring ample on-site parking, with a ratio of three spaces per 1,000 square feet, plus additional visitor parking. Enjoy the convenience of a walkable distance to both the train station and local restaurants, streamlining commutes and offering convenient lunch options. Building amenities include nightly janitorial service, ensuring a clean and well-maintained workspace. The property is situated in Fairfield County, Connecticut, with the precise address being 39 Locust Ave, New Canaan, CT 06840. This executive office space presents a unique opportunity for businesses seeking a high-quality, well-located, and amenity-rich environment in a desirable Connecticut town. The building's strategic location and included services make this an attractive option for businesses prioritizing convenience and efficiency. The available space is ready for immediate occupancy.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1982
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 16,190 SF
Lot 0.43 ac (18,731 SF)
Zoning code BUSC
APN NCAN M:000T B:073 L:00724
UPID US15-0680608
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
  • New Canaan Police Department Department Of Public Safety
  • Cowser Group Employment Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.67M
Blend (final) Blend
$1.62M
Owner & transaction history
Two Corners LLC · 1 yrs held
Two Corners LLC
since 2025
3 recorded transactions
2025
Price N/A
2025
$8.7M
2015
$25.4M
Zoning & alternative use
BUSC · New Canaan, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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