1241 Main StStamford, CT 06902

Property Details for 1241 Main St

Year built

1981

Construction

STEEL FRAME

Lot size

1.19 AC

Property size (Sq ft)

94,248 SF

Zone code

CN

Property type

Other commercial real estate

Property subtype

Showrooms

APN

STAM M:000 B:6856

APU

STAMM000B6856

Description

This 90,675-square-foot Class A office building, formerly the WWE headquarters, is available for sale. Located in Stamford, Connecticut, on 1.19 acres, this six-story building boasts 11-foot ceilings, a rooftop patio with Long Island Sound views, a fitness center, cafeteria, and 300 parking spaces. The property is vacant and offers significant redevelopment potential. Its CN zoning allows for diverse uses, including residential multifamily, research and development, educational facilities, and health clubs. The prime location on the Stamford/Darien line provides exceptional access to Interstate 95 and Route 1, and is within one mile of two Metro-North stations and an hour from New York City. Surrounded by affluent communities, the property benefits from a strong demographic profile with high average household incomes. The area is experiencing significant residential growth, with a lack of high-quality office space creating a compelling opportunity for redevelopment or re-leasing. The Stamford apartment market shows strong rental rates and low vacancy, further supporting the potential for conversion to residential use. This property presents a unique investment opportunity with multiple avenues for upside.

• CAP approach

  CAP return

  Valuation

  6%

  $22,905,554

  6.5%

  $21,143,588

  7%

  $19,633,332

• Comparable approach

  Method

  Valuation

  Relative Method

  $31,032,398

  Geo Method

  $31,032,398

• Alternative Use

  Use

  Valuation

  Residential

  $17,835,408

  Hospitality

  $16,337,138

  Educational

  $13,592,307

  Medical

  $14,059,767

  Retail

  $21,143,588

Location Insight

City

Stamford

County

Fairfield

State

Connecticut

Latitude

41.0592

Longitude

-73.51

CBSA code

14860

CBSA name

BRIDGEPORT-STAMFORD-NORWALK, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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