258 Atlantic StStamford, CT 06901

Property Details for 258 Atlantic St

Year built

1835

Property size (Sq ft)

8,777 SF

Zone code

CCN

Property type

Office properties

APN

STAM M:004 B:2660 U:1

APU

STAMM004B2660U1

Description

This exceptional 15,000-square-foot commercial property at 258 Atlantic Street, Unit 1 & 2, in the heart of downtown Stamford, CT, presents a unique investment opportunity. Housed in a meticulously preserved 1835 building, the property boasts stunning neo-Italian Renaissance architecture, featuring a limestone façade, impressive columns, Roman arches, and intricate handcrafted bronzework. The interior has been completely renovated, removing outdated finishes while carefully retaining original character details and period brickwork. An approved City of Stamford building permit allows for build-out as a single-tenant "white box" space, ready for immediate occupancy. Architectural plans include a substantial rooftop entertainment area, a dramatic central staircase and elevator, and a large vertical opening maximizing natural light. Renderings showcase potential features such as a coffee/nosh bar, partitioned offices, a boardroom, and even a gymnasium. The property's prime downtown location offers unparalleled convenience, with easy access to the Stamford Metro Station and a vibrant array of restaurants, offices, and hotels. A significant advantage is the inclusion of 36 parking spaces within the nearby 300 Atlantic Street Garage, with direct access to 258 Atlantic Street. This property offers a rare blend of historic charm, modern functionality, and an enviable location, making it an ideal space for a discerning tenant seeking a prestigious and well-appointed commercial space. The 0.11-acre lot provides ample space for the building and its associated amenities. This is a truly remarkable opportunity to own a piece of Stamford's rich history while enjoying the benefits of a completely modernized and adaptable commercial space.

• CAP approach

  CAP return

  Valuation

  6%

  $1,451,100

  6.5%

  $1,339,477

  7%

  $1,243,800

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,146,803

  Geo Method

  $1,146,803

• Alternative Use

  Use

  Valuation

  Residential

  $1,660,952

  Hospitality

  $1,521,423

  Educational

  $1,265,806

  Medical

  $1,309,339

  Retail

  $1,969,032

Location Insight

City

Stamford

County

Fairfield

State

Connecticut

Latitude

41.0518

Longitude

-73.539

CBSA code

14860

CBSA name

BRIDGEPORT-STAMFORD-NORWALK, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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