180 Post RdWestport, CT 06880

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

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.

• 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

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

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