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November 15, 2024

Westport property, eyed for multifamily redevelopment, sold for $2M

Costar 50 Post Road West, Westport.
By Hanna Snyder Gambini

A historic Westport building once eyed for multifamily redevelopment has been sold for $2 million. 

Pollack Westfair Associates LP and principal David D. Pollack, of Fairfield, sold the two-building property at 50 Post Road West to Norwalk-based Botero Property Management LLC and principals Lina Ochoa and Carlos Botero.

Pollack bought the property for $350,000 in 1991. It features a 7,000-square-foot building that dates back to 1900 and had been most recently used as office space. 

There’s also a smaller, 1,500-square-foot, 1.5-story former single-family home built in 1960 that had also been used as a commercial site.

The buildings have been vacant for more than a decade, according to town land use officials.

In 2022, an applicant pitched a plan to redevelop the property into more than a dozen apartment units, some affordable, but later withdrew plans.

The property has a total appraised value of nearly $1.8 million as of 2020, according to town records.
 

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