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Executive Summary

BUILT IN 2011 SPECIFICALLY FOR KEY BANK. THEY HAVE JUST RENEWED THEIR LEASE FOR AN ADDITIONAL 5 YEARS. THIS LEASE IS NNN. TENANT PAYS ALL EXPENSES INCLUDING TAXES. KEY CORP (KEY BANK) PRESENTLY HAS A MARKET CAP OF $20.42 BILLION. THIS SINGLE STORY BUILDING IS 3,224 SF ON 0.18 ACRES WITH A DRIVE-IN WINDOW AND 17 PARKING SPACES. THIS PROPERTY IS ZONED FOR MULTIPLE FAMILY USE. LOCATED IN A COMMUNITY THAT INCLUDES OVER 30 RETAILERS, 15 RESTAURANTS AND 4,000+ RESIDENTIAL UNITS.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Bank
Building Size
3,224 SF
Building Class
B
Year Built
2011
Price
$6,400,000
Price Per SF
$1,985.11
Cap Rate
6.25%
NOI
$400,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.41
Lot Size
0.18 AC
Opportunity Zone
Yes
Zoning
SRDN
Parking
17 Spaces (4.96 Spaces per 1,000 SF Leased)
Frontage
275’ on Canal Street

Major Tenants Click Here to Access

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • Finance and Insurance
  • -
  • -
  • Jan 0000

KeyBank began in 1825 through the chartering of the Commercial Bank of Albany and took its current form in 1994 after a merger between Society Corporation and KeyCorp. The company provides personal banking, small business banking, commercial banking, treasury and cash management, lending, and wealth management services across a broad U.S. banking network. KeyBank also serves institutional clients through capital markets, investment banking, and advisory capabilities, while Key Private Bank supports affluent and nonprofit clients with trust, portfolio management, and charitable giving services. The business remains part of a large financial services organization with long historical roots and a diversified mix of consumer, commercial, and institutional offerings.

Tenant Industry SF Occupied Rent/SF Lease End
Finance and Insurance - - Jan 0000
Moderately walkable
70/100
Exceptionally drivable
90/100
Strong public transit
80/100
Fairly bikeable
50/100

Nearby Major Retailers

F45 Training, Inc.
Stretchlab
Chase Bank
Wells Fargo
Planet Fitness
Charles Schwab
Bank of America
fresh&co
Citizens Bank
The Capital Grille

Property Taxes

Property Taxes

Parcel Number
STAM-000004-000000-005323-Y000000-9
Land Assessment
$0
Improvements Assessment
$3,167,600
Total Assessment
$3,167,600
  • Listing ID: 37954568

  • Date on Market: 10/5/2025

  • Last Updated:

  • Address: 721 Canal St, Stamford, CT 06902

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