1620 Post Road East, Westport, CT 06880
Retail Strip Center with Residential Development Potential for Sale at $9,900,000
25,081 RSF Retail Strip Center with Residential Development Potential for Sale - Minutes from I-95. Located across the street from the Westport Inn and next to Landsdowne Condominiums, the Strip Center is in a high traffic retail corridor with 298 linear feet of frontage on Post Road East (Route 1).
Built in 1946, the four parcel strip center with 56 parking spaces and one drive-in door is situated on 1.09 acres in a GBD zone. The building predates the current zoning regulations which limits building size to 10,000 SF. There is a potential multi-unit residential development opportunity on the 2.06 acres of vacant land in a GBD/A zone behind the strip center which is also accessible from Highgate Court.
Current tenants include RediCut Carpet, Innovation Luggage, and Pane e Bene. Neighbors include Honda of Westport, Fairfield Green Shopping Center, Dunkin' Donuts, The Westport Inn, Lansdowne Condominiums, Westfair Shopping Center, Stop & Shop, Home Goods, Petco, Panera Bread and Michaels.
The Retail Strip Center is 1.3 miles from I-95 (Exit 19) and a one minute walk to a Coastal Link bus stop.
|Strip Center Size:||25,081 RSF|
|Real Estate Taxes:||$100,405.96 (2021)|
|Zoning:||GBD / Residence A District|
|Construction:||Concrete / Cinder Block|
|Stories:||Partial One Story & Partial Two Story|
|Traffic Count:||18,758 Average Daily Volume|
|Parking:||56 Spaces in Strip Center|
|Loading:||1 Drive-in Door|
|Amenities:||Includes 2.06 parcel of vacant land|
|Three Mile Demographics|
|Median HH Income:||$183,599|
|Five Mile Demographics|
|Median HH Income:||$156,523|
omissions, change of price, rental or other conditions, withdrawal without notice and to any special listing conditions imposed by our principals.