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980 Post Rd E 7,334 SF 100% Leased Office Building Westport, CT 06880 $4,000,000 ($545.40/SF)
Investment Highlights
- Convenient access to I-95 via Exit 18 and direct connection to major routes.
- Located in a strong market known for affluent demographics and a diverse employment base.
- Ample on-site parking with more than 30 spaces for future commercial utilization.
- Frontage along Post Road East with signage visibility and daily traffic near 22,000 vehicles.
Executive Summary
Redevelopment site in the heart of Westport, CT.
Sale is subject to the tenancy of two (2) occupiers who have no lease with owner and who are defendants in a summary process action commenced by owner at Stamford Superior Court Housing Session. Docket No. NWH-CV-25-6011938. Contract purchaser anticipated to become substituted as plaintiff to complete prosecution of summary process, if matter is not sooner resolved.
Sale is subject to the tenancy of two (2) occupiers who have no lease with owner and who are defendants in a summary process action commenced by owner at Stamford Superior Court Housing Session. Docket No. NWH-CV-25-6011938. Contract purchaser anticipated to become substituted as plaintiff to complete prosecution of summary process, if matter is not sooner resolved.
Property Facts
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Building Size
7,334 SF
Building Class
C
Year Built
1978
Price
$4,000,000
Price Per SF
$545.40
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
2,445 SF
Building FAR
0.18
Lot Size
0.92 AC
Zoning
HAD and AA - Residence District
Parking
18 Spaces (2.45 Spaces per 1,000 SF Leased)
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Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | WPOR-000009F-000000-000058 | Improvements Assessment | $550,600 |
| Land Assessment | $1,180,900 | Total Assessment | $1,731,500 |
Property Taxes
Parcel Number
WPOR-000009F-000000-000058
Land Assessment
$1,180,900
Improvements Assessment
$550,600
Total Assessment
$1,731,500
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