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New Hope Plaza 914 E Main St 45,742 SF 100% Leased Industrial Building Stamford, CT 06902 $8,000,000 ($174.89/SF)
Investment Highlights
- Additional 0.53 acres of supplemental CT DOT leased parking
- Prior approvals contemplated a 120+ unit residential building with ground floor retail
- Transit oriented location with direct bus service and proximity to the Stamford Train Station
Executive Summary
914 East Main Street is a 1.53-acre mixed-use property with strong in-place income and significant long-term residential redevelopment potential.
The property previously received Zoning Board approval in 2008 for a mixed-use residential development that contemplated approximately 124 residential units in an 11-story building with ground floor retail. While the approvals date back to 2008 and a new developer would likely update the plans to reflect current design and market conditions, they establish a clear precedent for high-density residential development on the site.
Key highlights:
• Already zoned RH (High Density Multifamily) – no rezoning required
• Prior approvals contemplated a 120+ unit residential building with ground floor retail
• Current NOI of approximately $336K (2025 actuals), rising to ~$465K on current scheduled rents
• Stabilized pro forma NOI of ~$753K with no density increase
• All tenants are currently month-to-month, allowing full repositioning control
• 45,742 SF across multiple buildings on 1.53 acres plus an additional 0.53 acres of supplemental CT DOT leased parking
• Transit oriented location with direct bus service and proximity to the Stamford Train Station
The property previously received Zoning Board approval in 2008 for a mixed-use residential development that contemplated approximately 124 residential units in an 11-story building with ground floor retail. While the approvals date back to 2008 and a new developer would likely update the plans to reflect current design and market conditions, they establish a clear precedent for high-density residential development on the site.
Key highlights:
• Already zoned RH (High Density Multifamily) – no rezoning required
• Prior approvals contemplated a 120+ unit residential building with ground floor retail
• Current NOI of approximately $336K (2025 actuals), rising to ~$465K on current scheduled rents
• Stabilized pro forma NOI of ~$753K with no density increase
• All tenants are currently month-to-month, allowing full repositioning control
• 45,742 SF across multiple buildings on 1.53 acres plus an additional 0.53 acres of supplemental CT DOT leased parking
• Transit oriented location with direct bus service and proximity to the Stamford Train Station
Data Room Click Here to Access
- Offering Memorandum
- Miscellaneous
Property Facts
Amenities
- Property Manager on Site
Moderately walkable
70/100
Exceptionally drivable
90/100
Good public transit
70/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | STAM-000004-000000-001241 | Improvements Assessment | $2,127,810 |
| Land Assessment | $1,294,840 | Total Assessment | $3,422,650 |
Property Taxes
Parcel Number
STAM-000004-000000-001241
Land Assessment
$1,294,840
Improvements Assessment
$2,127,810
Total Assessment
$3,422,650
Contacts
-
Jennifer McDade -
Christopher Lara -
Thomas Febbraio -
Berkshire Hathaway HomeServices
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New Hope Plaza | 914 E Main St
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