950 Post Rd
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950 Post Rd
20,845 SF Retail Building Darien, CT 06820 $3,900,000 ($187/SF)
Investment Highlights
- Property includes ground lease for 938 Post Rd
- Seller will maintain and lease back the existing ATM
Executive Summary
Former Bank branch with second floor offices. 11,969 square feet finished on he first floor and second floor with 8,876 SF basement. Property will be delivered with no tenants. Downtown Darien with parking for 33 vehicles. Property will be sold with 2-year deed restriction prohibiting financial use. Property includes 938 Post Road which is on a $5,000 per year ground lease that expires Novemeber 30, 2060. The parking consists of 5 Center Street and 11 Center Street. 2023 Real Estate taxes are $75,470. Seller will maintain and lease back the existing ATM.
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Bank
Building Size
20,845 SF
Building Class
C
Year Built
1912
Price
$3,900,000
Price Per SF
$187
Tenancy
Single
Building Height
2 Stories
Building FAR
0.80
Lot Size
0.60 AC
Zoning
CBD
Parking
50 Spaces (2.4 Spaces per 1,000 SF Leased)
Frontage
64 FT on Post Rd
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | DARI-000072-000000-000003 | Improvements Assessment | $1,808,170 |
| Land Assessment | $1,150,380 | Total Assessment | $2,958,550 |
PROPERTY TAXES
Parcel Number
DARI-000072-000000-000003
Land Assessment
$1,150,380
Improvements Assessment
$1,808,170
Total Assessment
$2,958,550
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950 Post Rd
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