Stamford Retail-Housing Combos Sell for $5.39M

0:00It's April 29th, I'm Cory with the story. This is Hartford News Today, driven by AI. Two properties on East Main Street in Stanford just sold for a total of $5.39 million. East Cart properties run by Mean Dan Jung snapped up a one-story retail spot at $7.89 East Main for $1.26 million, and A, three-story mixed-use building next door at $7.91 East Main for $4.13 million. These spots have been in the game for a while. The sellers, post-road LLCs controlled by Frank Steinerger out of Daryen, picked them up back in 2002 and 2003. Jane didn't comment when reached out. Locals might notice the buzz around Stanford's retail scene, where these buildings mix shops and living space. The smaller one packs four retail units into about 2,738 square feet, while the bigger has ground floor stores plus. Eight apartments over 14,206 square feet, built around 2002 to 2005 on small lots, both

1:04sold above their appraisals, the retail one at $1.18 million. Appraised, assessed at $823,120, and the mixed-use at $3.77 million appraised, assessed at $2.64 million. Deals like this signal steady demand for urban retail and housing combos, keeping Stanford's market humming as investors eye the next flip.