Nancy Ricchetti - Commercial Real Estate Showcase

Nancy Ricchetti Property Listings
HK Group
251 Riverside Ave
Suite 2
Westport, CT 06880-4898
(203) 454-8700 x105
(203) 454-3527

468 Post Road E

Westport, CT 06880-4441 - Westport Submarket

Property Type:Office Sub Type:- Status:Existing Year Built:1988
Stories:2 Typical Floor:2,000 SF Building Size:4,000 SF
For Sale Price:$1,450,000 Price/SF:$362.50
Cap Rate:-
Parking:16 Surface spaces are available; Ratio of 4/1,000 SF
4,000 SF is available to occupy upon purchase.

Sale Notes:
468 Post Road East is a high-visibility, perfectly located 4,000 SF office building right in the heart of Westport, CT: it sits directly between the Morgan Stanley building at 500 Post Road East and the Wells Fargo Advisors building at 450 Post Road East.
The property has a very extensive 200’ frontage on US-1.
The building is ideal for a small business that has certain space requirements at the time of purchase and may need to expand over the course of the next few years.
With total flexibility of occupancy, the building space is currently 50% available, but can be made 75% available or even 100% available within a reasonable period of time.
Currently, the building has two tenants with leases in place for a total of 2,000 SF. One of them is the owner, who could stay long-term, short-term or vacate, depending on the terms of the sale and the interest of the buyer.
 468 Post Road East has excellent parking in compliance with the current zoning regulations, and the Real Estate Taxes are reasonable at approximately $3.75 SF.
 Westport is ranked the 10th wealthiest town in the US in the 20,000 to 65,000 population range (2008 Census), and the second wealthiest in Connecticut.
 Westport is and will remain in the future a wonderful place to live and work, and 468 Post Road East represents an unique opportunity to own a piece of it.

HK Group
Nancy Ricchetti
(203) 454-8700 x105

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