242 Hope St
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242 Hope St
4,520 SF Retail Building Stamford, CT 06906 $1,500,000 ($332/SF)
Investment Highlights
- This former credit union building offers an ideal mixture of public-facing space and offices across two floors.
- Situated in a spectacular Hope Street location, the property is ideal for an owner user or for possible development.
Executive Summary
Coldwell Banker Commercial presents 242 Hope Street in Stamford, CT. This 4,520 SF building was formerly Cornerstone Community Credit Union that includes an ATM machine, bank teller floor, vault, two private offices, ADA Compliant restroom, and second floor office space with a conference room. The building is conveniently located on the bustling Hope Street in the Glenbrook neighborhood of Stamford, and just minutes from Stamford Hospital. The building also provides easy access to I-95 and Merritt Parkway.
Taxes & Operating Expenses (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$22,158
|
$4.90
|
| Operating Expenses |
$2,993
|
$0.66
|
| Total Expenses |
$25,151
|
$5.56
|
Taxes & Operating Expenses (Actual - 2024)
| Taxes | |
|---|---|
| Annual | $22,158 |
| Annual Per SF | $4.90 |
| Operating Expenses | |
|---|---|
| Annual | $2,993 |
| Annual Per SF | $0.66 |
| Total Expenses | |
|---|---|
| Annual | $25,151 |
| Annual Per SF | $5.56 |
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Building Size
4,520 SF
Building Class
B
Year Built/Renovated
1981/2009
Price
$1,500,000
Price Per SF
$332
Tenancy
Single
Building Height
2 Stories
Building FAR
0.61
Land Acres
0.17 AC
Zoning
CN - C-N Neighborhood Business Commercial Zone
Parking
14 Spaces (1.09 Spaces per 1,000 SF Leased)
Frontage
50 FT on Hope St
Amenities
- 24 Hour Access
- Banking
- Bus Line
- Commuter Rail
- Metro/Subway
- Security System
- Signage
- Tenant Controlled HVAC
- Wheelchair Accessible
- Monument Signage
- Air Conditioning
- Fiber Optic Internet
- Smoke Detector
Walk Score ®
Very Walkable (80)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | STAM-000001-000000-006299 | Total Assessment | $957,250 |
| Land Assessment | $456,570 | Annual Taxes | $22,158 ($4.90/SF) |
| Improvements Assessment | $500,680 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
STAM-000001-000000-006299
Land Assessment
$456,570
Improvements Assessment
$500,680
Total Assessment
$957,250
Annual Taxes
$22,158 ($4.90/SF)
Tax Year
2024
-
Kevin Coleman -
Coldwell Banker Commercial Realty
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242 Hope St
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