Tag Archives: commercial real estate

Commercial Buildings, For Sale Or Lease

Every couple of years Bob Weingarten drives up and down the Post Road, counting “For Sale” and “For Lease” signs. (He does not check out Main Street or Saugatuck.)

Right now, the number is 61. That’s in between the 50 or so in 2017, and the more than 65 in 2019 — but fairly consistent with the past.

Mumbai Times (next to Westport Hardware) is newly vacant. So are a couple of bank buildings —  Citibank and Bank of America.

But the bank at Morningside Drive North, which was vacant for about 3 years, should reopen soon. And there’s plenty of activity across the street, where the old Barnes & Noble and Marshall’s are being converted into Amazon Fresh.

The former Men’s Wearhouse building has a sign saying “SOLD,” but there’s been no action there in months. The Garden Center near Goodwill has been vacant for quite a while. So has the former Olympia Sports store in Compo Shopping Center. 

Here are some of Bob’s photos:

(Photos and collage/Bob Weingarten)

Clockwise, from top left:

  • Former Blockbuster and XL Men’s Shop (considered for apartments)
  • The former garden center near Stop & Shop
  • The former Boccanfuso and Subway
  • The former Men’s Wearhouse (planned for multi-family housing)
  • The former bank next to Walgreen’s
  • The former Bank of America, next to Starbucks.

Looking at Bob’s photos, I thought: Man, those are some fugly buildings.

What do you think of the commercial real estate market on the Post Road? Click “Comments” below.

Post Road Real Estate: Tenants Needed!

In June of 2017, alert “06880” reader/Westport Museum of History and Culture house historian Bob Weingarten drove the entire Westport stretch of the Post Road. He counted the number of commercial buildings with either a “For Rent” or “For Sale” sign.

There were 50.

He shared the information on “06880.” It generated 57 comments.

Two years later he did it again. This time there were 65 commercial properties  looking for tenants — 15 more. Many — including 2 former banks, a gas station and several large retail storefronts — were still vacant from 2 years earlier.

The Mobil Self-Serve property next to Barnes & Noble remains vacant.

Once again, Bob’s story touched a nerve. Fifty readers commented.

The 3rd time — a couple of weeks ago — showed another increase. Now, 72 commercial buildings are available for rent or purchase.

Bob says that one bank building was added to the already empty two. Large retail storefronts still not occupied include the old Pier 1,  and XL Clothing building.

The Mobil gas station near Barnes & Noble, and the large garden center near Stop & Shop are still vacant.

Additionally, 2 new commercial buildings near the new Ignazio’s Pizza (just west of Sherwood Diner), with townhouses in the rear, are unoccupied.

Newly constructed — and not yet rented — space at the foot of Long Lots and the Post Road.

Bob is “alarmed” by the number of empty stores adjacent to Fresh Market.

A renovated large office building on Post Road West will start renting in January, for use as co-working and shared offices.

Empty space on Post Road West, just up the hill from Wright Street.

“I don’t understand how we can be told the economy is getting better and better, with the increasing number of available, empty commercial units,” Bob says.

And, he adds, his figures do not include the apartments that may be available across from Greens Farms Elementary School, or the new townhouses near the diner.

“Several empty available commercial spaces are now occupied — but they are relocations from other spaces on the Post Road, filling one spot but leaving another unoccupied,” he notes. These include Sam Slots Coins, Millie Rae’s and Earth Animal.

“What is going on in the Westport commercial economy?” he asks.

Tons of available space near Fresh Market. (Photos/Bob Weingarten)