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    242 Hope St Stamford, CT 06906

    Sponsored
    For Sale
    $1,500,000

    4,520 SF Office & Land, $1.5M

    Property size:
    4,520 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial property at 242 Hope Street in Stamford, Connecticut, offers a unique opportunity for investors and businesses alike. The 4,520 square foot building is situated in the vibrant Glenbrook neighborhood, boasting convenient access to I-95 and the Merritt Parkway, ensuring seamless connectivity throughout the region. Previously occupied by Cornerstone Community Credit Union, the building retains many of its original features, including a fully functional ATM, a bank teller floor, a secure vault, and two private offices. The layout also includes an ADA-compliant restroom, adding to its accessibility and functionality. The second floor provides additional office space, complemented by a dedicated conference room, ideal for meetings and collaborative work. The property's location on Hope Street places it within minutes of Stamford Hospital, offering a strategic advantage for businesses serving the healthcare sector or those seeking proximity to medical facilities. The combination of its prime location, versatile layout, and existing infrastructure makes this a highly attractive investment opportunity in a thriving Connecticut market. The property is zoned for commercial use and includes land, offering potential for future expansion or redevelopment. The asking price for this remarkable property is $1,500,000.

    Property Features for 242 Hope St

    General Information

    Property type
    Land
    Square Feet
    4,520 SF

    HighLights

    • 4,520 SF commercial building at 242 Hope Street, Stamford, CT.
    • Excellent I‑95 & Merritt Parkway access in the Glenbrook neighborhood.
    • Features include a fully functional ATM, teller floor, secure vault, two private offices, and ADA restroom.
    • Second floor offers additional office space and a conference room.
    • Minutes from Stamford Hospital.
    • Zoned commercial with land for potential expansion; asking price $1,500,000.
    Property Profile 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
    County
    Western Connecticut
    State
    Connecticut
    Longitude
    -73.527272
    Latitude
    41.069

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    FAQs

    What type of property is this?
    Land - 4,520 SF Office & Land, $1.5M
    Where is this land 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.
    What are key features of this property?
    This property features: 4,520 SF commercial building at 242 Hope Street, Stamford, CT.; Excellent I-95 & Merritt Parkway access in the Glenbrook neighborhood.; Features include a fully functional ATM, teller floor, secure vault, two private offices, and ADA restroom.
    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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