526 Newfield Ave - Freestanding FOR SALE


Stamford, CT 06905- Springdale-Glenbrook-Belltown
$2,295,000 USD
203-246-6505
526 Newfield Ave, Stamford, CT for Sale
$2,295,000 USD
Freestanding - FOR SALE
1/15
null | 7.85% Cap Rate


HIGHLIGHTS

  • Fully Occupied 3-Tenant Building with an Optician, Dentist, and Chiropractor.
  • 21 Parking Spaces

OVERVIEW

Rare opportunity to acquire a fully leased, 5,427sqft income-producing medical office building situated in one of Stamford's most established commercial corridors. Held under continuous ownership since 1989, the property provides investors immediate cash flow, long-term lease stability, scheduled rental increases & minimal management responsibilities through its favorable lease structure. Prime location, strong tenant roster & well-maintained footprint, this property appeals equally to passive investors seeking reliable returns & medical owner-users looking for long-term value. Property & Investment Highlights | *Tenant Roster: Fully occupied by 3 established medical & professional service tenants: Optician (Vision Care), Dentist & Chiropractor. *Building Size & Layout: Approximately 4,950 sq. ft. of income-producing medical office space. Note: Building features slab/grade construction with no basement space. *Parking & Land: Includes 22 total parking spaces (21 main spaces, plus 1 additional space located on the 13'1" parcel along the north side of the building on Newfield Ave). *Walk-Up Attic Storage: Features a large walk-up attic w/center ceiling heights reaching 12 feet. It provides dedicated, designated storage areas for all 3 tenants: Dental & Chiropractic Storage: ~12' 15' per space. Vision Care Storage: Double-sized storage area (~24' 15'). *Financial Stability: Immediate cash flow generated by a resilient, medical-focused tenant mix w/structured rental increases. Included is 13'1" on the north side of the building on Newfield Avenue, and have one additional parking space there. Additionally a large walk-up attic with designated storage areas for each of the three tenants. Each space is roughly 12 by 15 feet, while the vision care area is double that size. Estimating the area at 12 by 15 feet, with a ceiling height of 12 feet in the center. No basement space!

FOR SALE DETAILS

PRICE

$2,295,000 USD

PRICE/SF

$423 USD /SF

CAP RATE

7.85%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1936

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,070 SF

ZONING

R10

APN/PARCEL ID

STAM-000001-000000-007855

ASK ABOUT THIS PROPERTY

Bob VirgulakCentury 21 AllPoints RealtyMore Info
203-246-6505

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Bob VirgulakCentury 21 AllPoints RealtyMore Info
203-246-6505

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.