101 Merritt BlvdTrumbull, CT 06611

Property Details for 101 Merritt Blvd

Year built

1983

Construction

STEEL FRAME

Lot size

12.95 AC

Property size (Sq ft)

39,706 SF

Zone code

IL3

Property type

Other commercial real estate

Property subtype

Showrooms

APN

TRUM M:K-09 L:00039 U:000

APU

TRUMMK09L00039U000

Description

This exceptional Class A executive office building, located at 101 Merritt Blvd, offers a single-tenant occupancy of 19,392 square feet. Constructed in 1983, this two-story building boasts a striking glass atrium, creating a bright and modern workspace. The property is situated in Fairfield County and is zoned I-3, providing flexibility for various business uses. The building's total square footage is 66,000 square feet, indicating ample space within the larger complex. On-site management ensures smooth operations and efficient building maintenance. Its convenient location provides easy access to major transportation arteries, including Exit 52 of the Merritt Parkway and Exit 11 of Route 8, making commuting effortless for employees and clients. This property presents a unique opportunity for businesses seeking a prestigious and well-maintained office space in a highly accessible location. The building's impressive features and strategic location make it an ideal choice for discerning tenants seeking a high-quality, efficient, and conveniently located office environment. This single-tenant space offers the opportunity to establish a strong presence in a desirable business area.

• CAP approach

  CAP return

  Valuation

  6%

  $9,649,944

  6.5%

  $8,907,641

  7%

  $8,271,380

• Comparable approach

  Method

  Valuation

  Relative Method

  $13,073,725

  Geo Method

  $13,073,725

• Alternative Use

  Use

  Valuation

  Residential

  $7,513,928

  Hospitality

  $6,882,718

  Educational

  $5,726,340

  Medical

  $5,923,278

  Retail

  $8,907,641

Location Insight

City

Trumbull

County

Fairfield

State

Connecticut

Latitude

41.2384

Longitude

-73.1449

CBSA code

14860

CBSA name

BRIDGEPORT-STAMFORD-NORWALK, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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