54 Wilton Road

54 Wilton Rd Westport, CT 06880

Westport
FOR SALE
Property Type:
Multi Tenant Office
Amount:
$19,995,000
Last Verified:
Apr 12, 2024

Highlights

  • - 26,320 SF office building
  • - 3 units for versatile leasing options
  • - Built in 1960, renovated in 2017
  • - Zoned GBD/R for strategic commercial use
  • - Prime location in Westport area
  • - 100% occupancy for immediate returns
  • - Modern, well-maintained property
  • - Secure investment opportunity in a sought-after area

Description

Introducing a prime investment opportunity in Westport, CT at 54 Wilton Rd. This impressive 26,320 SF office building, comprising 3 units, offers timeless appeal with a 1960 build, thoughtfully modernized in 2017. Located in the GBD/R zone, this property promises a secure investment in a sought-after area. Boasting 100% occupancy, this meticulously maintained property presents a lucrative prospect for the discerning Office / Office Building investor.

Nestled in the charming town of Westport, this sought-after area offers an ideal blend of upscale amenities and picturesque New England beauty. The vibrant downtown area boasts an array of trendy cafes, high-end boutiques, and renowned restaurants, creating a dynamic business environment with a touch of elegance. The location's proximity to scenic waterfront views and well-maintained parks makes it perfect for unwinding after a productive workday. Westport's reputation for excellent schools and a strong community spirit adds to its appeal, making it an enticing prospect for discerning office building investors seeking a mix of professional opportunity and quality of life.


Year Built: 1960
Building Size: 26320sq ft
Building Class: A
Lot Size: 1.58 acres

Map of 54 Wilton Rd, Westport, CT, 06880

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.