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15 Virgil St
Stamford, CT 06902
11-15 Virgil Street · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- West Side High Traffic Location
- Clear span in warehouse
- Development opportunity
EXECUTIVE SUMMARY
Development opportunity. 2 buildings, one lot. Main building is approximately 9500 sq ft retail/flex owner occupied by historic retail trade company. Has 3 over head doors, concrete slab, retail showroom, machine service warehouse. Smaller building is approximately 1350 sq ft occupied by salon with 6 years remaining. Tenant pays $3200/month with 5% annual increases. Lot is.66 acre. Ample parking. Fully fenced, level lot.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
9,462 SF
Building Class
C
Year Built
1948
Price
$3,000,000
Price Per SF
$317.06
Cap Rate
6%
NOI
$180,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.33
Lot Size
0.66 AC
Opportunity Zone
Yes
Zoning
R-5 - R-5 zoning is for Medium-High Density Multiple-Family Residential
Parking
4 Spaces (0.42 Spaces per 1,000 SF Leased)
Frontage
73’ on Virgil St
AMENITIES
- 24 Hour Access
- Fenced Lot
- Air Conditioning
PROPERTY TAXES
| Parcel Number | STAM-000003-000000-007649 | Improvements Assessment | $508,550 |
| Land Assessment | $778,290 | Total Assessment | $1,286,840 |
PROPERTY TAXES
Parcel Number
STAM-000003-000000-007649
Land Assessment
$778,290
Improvements Assessment
$508,550
Total Assessment
$1,286,840
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