132 Prospect St Stamford, CT 06901-1202
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
RMF · Stamford, CTStamford. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.