Basics
- Category: For Sale
Description
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Description:
2 Post Road East is a premier mixed-use investment opportunity offered at $6,900,000, $529psf . This 13,034-square-foot property spans two floors, featuring three ground-level retail spaces and ten
studio apartments above. Seven of the residential units underwent renovations in 2017, enhancing their appeal and rental potential. Strategically positioned in one of Connecticut’s most desirable towns, the asset benefits from Westport’s robust real estate market. The property’s location ensures high visibility and foot traffic, bolstered by proximity to upscale retailers and dining establishments. Free Abundant parking in the abutting municipal lot ensures easy accessibility for both retailers and residentsAn upcoming lease expiration in November of 2025 for Soli Toile, presents an immediate opportunity for re-tenanting to further enhance income. Additionally, the current residential occupancy
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offers potential for rent optimization, especially given the recent unit upgrades. South Moon Under lease term ends in April of 2026 with no option to extend offers the investor an even greater upside opportunity.
With its prime location, diversified income streams, and value-add potential, 2 Post Road East stands as a compelling investment in Westport’s thriving market.