258 Atlantic StStamford, CT 06901

  • Office properties
  • 8,777 SF
For Sale
$3,500,000 View listing

Property Details for 258 Atlantic St

Year built
1835
Property size (Sq ft)
8,777 SF
Zone code
CCN
Property type
Office properties
Property subtype
Other 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 The interior has been completely renovated, removing outdated finishes while carefully retaining original character details and period brickwork.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.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • 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
258 Atlantic St, Stamford, Connecticut
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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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$22,007
-
$823,600
$823,600
-
-
-
-

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