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39-51 Pine St 1,069 SF Office/Medical Condo Unit Offered at $561,225 in New Canaan, CT 06840
Investment Highlights
- Prime second-floor office condominium in the heart of downtown New Canaan, just steps from the train station and local amenities.
- Four assigned parking spaces and zoning as-of-right for medical use, with a proven history of legal, financial, and healthcare tenants.
- Efficient layout featuring three private offices, reception area, conference space, and front storage, ideal for professional or small business use.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment or Owner User | No. Parking Spaces | 4 |
| Cap Rate | 4.62% |
| Sale Type | Investment or Owner User |
| Cap Rate | 4.62% |
| No. Parking Spaces | 4 |
Description
Prime location in the heart of New Canaan, this second floor office condominium space is the perfect, quiet location for professionals or small business. It consists of three offices, a reception space, a front storage room, and a conference room area. It is in close proximity to the New Canaan Train Station and walking distance to all New Canaan has to offer. This office also comes with four assigned parking spaces. This space has been previously used by a law firm, financial consultants, and as a regional office for a chain of child care facilities and is zoned as of right for medical use.
Sale Notes
Prime investment opportunity.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 6A | 1,069 SF | Office/Medical | $561,225 ($525.00/SF) | $25,915 |
Unit 6A
| Unit Size |
| 1,069 SF |
| Condo Use |
| Office/Medical |
| Price |
| $561,225 ($525.00/SF) |
| NOI |
| $25,915 |
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Unit 6A
| Unit Size | 1,069 SF |
| Condo Use | Office/Medical |
| Price | $561,225 ($525.00/SF) |
| NOI | $25,915 |
| Sale Type | Investment or Owner User |
| Cap Rate | 4.62% |
| No. Parking Spaces | 4 |
| Description | |
| Prime location in the heart of New Canaan, this second floor office condominium space is the perfect, quiet location for professionals or small business. It consists of three offices, a reception space, a front storage room, and a conference room area. It is in close proximity to the New Canaan Train Station and walking distance to all New Canaan has to offer. This office also comes with four assigned parking spaces. This space has been previously used by a law firm, financial consultants, and as a regional office for a chain of child care facilities and is zoned as of right for medical use.</li></ul> | |
| Sale Notes | |
| Prime investment opportunity.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 30,000 SF | Typical Floor Size | 15,000 SF |
| Property Type | Office (Condo) | Year Built | 1971 |
| Property Subtype | Medical | Lot Size | 0.43 AC |
| Building Class | B | Parking Ratio | 0.13/1,000 SF |
| Floors | 2 | ||
| Zoning | Business A - Zoning allows office and medical uses. | ||
| Total Building Size | 30,000 SF |
| Property Type | Office (Condo) |
| Property Subtype | Medical |
| Building Class | B |
| Floors | 2 |
| Typical Floor Size | 15,000 SF |
| Year Built | 1971 |
| Lot Size | 0.43 AC |
| Parking Ratio | 0.13/1,000 SF |
| Zoning | Business A - Zoning allows office and medical uses. |
Amenities
- 24 Hour Access
- Air Conditioning
Moderately walkable
60/100
Moderately drivable
70/100
Good public transit
60/100
Fairly bikeable
40/100
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39-51 Pine St