180 Post RdWestport, CT 06880

  • Other commercial real estate
  • 32,870 SF
For Lease

Property Details for 180 Post Rd

Year built
1969
Construction
STEEL FRAME
Lot size
1.04 AC
Property size (Sq ft)
32,870 SF
Zone code
BCD
Property type
Other commercial real estate
Property subtype
Showrooms
APN
WPOR M:D09 L:134-000
APU
WPORMD09L134000

Description

This exceptional retail property, located at 180 Post Road East in the vibrant Downtown Westport submarket of Westport, Connecticut (zip code 06880), offers a unique opportunity for expansion or new tenancy. The property boasts a total of 35,402 square feet across two stories, situated on a 1.33-acre lot. Currently, 7,200 square feet of contiguous ground floor space is available, presenting a flexible layout ideal for a variety of retail uses. The vacant space is currently divided into two units: a fully built-out 3,000 square foot restaurant space and an adjacent 4,200 square foot space, allowing for expansion of the existing restaurant or creation of a separate retail space. The property's location on Post Road East, with cross-street access via Bay Street, ensures high visibility and accessibility for customers. This multi-tenant building presents a compelling investment opportunity in a thriving downtown area. The property's prime location and flexible space make it an attractive option for businesses seeking a strong presence in the heart of Westport. The building's size and layout offer significant potential for a variety of retail concepts. This is a rare opportunity to secure a substantial retail space in a highly desirable location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $7,988,558
    6.5%
    $7,374,053
    7%
    $6,847,335
  • Comparable approach

    Method
    Valuation
    Relative Method
    $10,822,881
    Geo Method
    $10,822,881
  • Alternative Use

    Use
    Valuation
    Residential
    $6,220,290
    Hospitality
    $5,697,752
    Educational
    $4,740,462
    Medical
    $4,903,494
    Retail
    $7,374,053
180 Post Rd, Westport, Connecticut

Location Insight

City
Westport
County
Fairfield
State
Connecticut
Latitude
41.141
Longitude
-73.3587
CBSA code
14860
CBSA name
BRIDGEPORT-STAMFORD-NORWALK, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$163,399
$3,667,400
$5,237,200
$8,904,600
-
-
-
-

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].