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Property profile & analytics
OFF-MARKET Estimated value $3,095,000
Showrooms

132 Prospect St Stamford, CT 06901-1202

23,816 SF 0.62 ac lot Built 1928
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US15-0554328
Property summary
AI-generated overview

This exceptional redevelopment opportunity presents a vacant, 30,774-square-foot building situated on a 0.62-acre lot in the heart of Stamford, Connecticut. Built in 1928, the property is currently zoned RMF (Multi-Family Residence Design District), allowing for a seamless conversion into a multifamily residential development. Its convenient location offers pedestrian access to Stamford's vibrant downtown, boasting an abundance of restaurants, bars, shops, and cafes. The property's Walk Score of 94 underscores its desirability. This as-is sale presents a unique chance to capitalize on the strong residential market in this sought-after area. The building's existing structure provides a solid foundation for a transformative project, offering significant potential for a high-return investment. The property is offered without a formal asking price, allowing for flexible negotiation. This is an exceptional opportunity for developers seeking a prime location and a substantial footprint for a multifamily project in a thriving Connecticut city. The property's history adds character and charm, while its zoning and location ensure a promising future. This is a truly unique opportunity to create a landmark residential development in downtown Stamford.

Property profile
Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1928
Construction STEEL FRAME
Total area 23,816 SF
Lot 0.62 ac (27,007 SF)
Zoning code RMF
APN STAM M:002 B:6856
UPID US15-0554328
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.10M
Owner & transaction history
132 Prospect St LLC · 1 yrs held
132 Prospect St LLC
since 2024
2 recorded transactions
2024
Price N/A
2018
$1.0M
Zoning & alternative use
RMF · Stamford, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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