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    242 Hope St Stamford, CT 06906

    Sponsored
    Source: https://www.cbcworldwide.com
    For Sale
    $1,500,000

    4,520 SF Formerly Cornerstone Community Credit Union Building For Sale

    Property size:
    4,520 SF

    Description

    Added:
    Apr 9, 2025
    Days on Market:
    273
    This 4,520 SF building was formerly Cornerstone Community Credit Union that includes an ATM machine, bank teller floor, vault, two private offices, ADA compliant restroom, and second floor office space with a conference room. The building is conveniently located on the bustling Hope Street in the Glenbrook neighborhood of Stamford, and just minutes from Stamford Hospital. The building also provides easy access to I-95 & Merritt Parkway.

    Property Features for 242 Hope St

    General Information

    Property type
    Bank owned properties
    Square Feet
    4,520 SF
    Price / Square Foot
    $331
    Elevators
    N/A
    Lot Size
    4,520 SF

    Building Details

    Year Built
    1981
    Buildings
    1
    Stories
    2
    Location Intelligence

    Current Use by Public Records

    Cornerstone Community Credit ... Credit Union

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Stamford
    State
    Connecticut
    Longitude
    -73.527228
    Latitude
    41.068999

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    FAQs

    What type of property is this?
    Bank owned property - 4,520 SF Formerly Cornerstone Community Credit Union Building For Sale
    Where is this bank owned property located?
    The property is located at 242 Hope St Stamford, CT.
    What is the asking price?
    The asking price for this property is $1,500,000.
    (203) 837-7187
    Request Owner's contact information
    242 Hope St Stamford, CT 06906
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    Stamford, CT 06906
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    242 Hope St Stamford, CT 06906
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