4 Whitney Street Ext - Office/Residential FOR SALE


Westport, CT 06880
$1,450,000 USD
4 Whitney Street Ext, Westport, CT for Sale
$1,450,000 USD
Office/Residential - FOR SALE
1/25
null | 4.45% Cap Rate

NEW


4 Whitney Street Ext
Westport, CT 06880


HIGHLIGHTS

  • Ample parking
  • Private suites and entrances
  • Private backyard
  • Close to shopping, beaches and downtown village
  • 10% building capabilities

OVERVIEW

Investment & Owner-Occupier Opportunity in Prime Commercial location in Westport, CT - Ideal for Investors and Businesses with Multi-Function Space! This office building offers a compelling opportunity for both income generation and owner occupancy with a total of 9 functional spaces. Situated in a highly desirable central Westport location, the property features: Accessory Dwelling unit 2-3 bedrooms, LR/dining area or could be used as multi-function office annex w/separate reception area, full bath: Main Office (4/5 spaces): Reception, 3 offices, kitchen, and a large studio with a separate entrance, plus a renovated half bath. Upper Level (private entrance - 2 spaces): 2 office/studios, each with its own full renovated bath. Benefit from 13 parking spaces, shared outdoor space, and significant expansion potential to add more office suites. With all essential utilities connected, this well-maintained building offers a stable foundation and the chance to capitalize on a prime professional environment. Explore the possibilities for increased lease rates and secure a valuable commercial asset with substantial upside and flexible space configurations. **Possible residential conversion with town approval** Current rent roll is below market rate - Great Opportunity and Turn-key!!

FOR SALE DETAILS

PRICE

$1,450,000 USD

PRICE/SF

$618 USD /SF

CAP RATE

4.45%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

ADD'L SUBTYPES

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1941

SPRINKLERS

-

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,326 SF

ZONING

RPOD

APN/PARCEL ID

WPOR-000009D-000000-000156

ASK ABOUT THIS PROPERTY

Christine RicciThe Ricci Team at Keller WilliamsMore Info

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Christine RicciThe Ricci Team at Keller WilliamsMore Info

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