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Home Business Journals

Long vacant Saugatuck office building being sold by bid

Cushman & Wakefield heading up process to sell 21 Charles St.

Gary Larkin by Gary Larkin
January 22, 2026
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This building at 21 Charles St. in the Saugatuck section of Westport is being sold through Cushman & Wakefield through a bidding process. Photo courtesy of Cushman & Wakefield

WESTPORT – The long vacant office building at 21 Charles St. adorned on its exterior by a sculpture by Harvey Weiss will be sold through Cushman & Wakefield’s Capital Markets Group through a bidding process. The bid deadline is Wednesday, Jan. 28 at 3 p.m.

The 33,100-square-foot building, which has 35 parking spaces and cell towers on its roof, has been located next to the Westport Train Station since it was built in 1969. The owners of the property – Charles Property Owner LLC – bought the property in 2024 for $8.5 million from RDV 21. It is located off Exit 17 of I-95.

The last tenant was Fairfield Story Lab, which moved in there in 2019 only to move years later to Fairfield at 85 Mill Plain Road.

The owner retained Cushman & Wakefield on an exclusive basis to sell the property, which also includes an outbuilding cell tower site. Neither Cushman nor the owner shall be responsible for paying any fees to brokers, salespersons or finders representing potential purchasers, according to a confidentiality agreement posted on Cushman’s website.

Cushman hopes to take advantage of the recently enacted State of Connecticut legislation H.B. 8002, that is expected to further accelerate this momentum by encouraging additional residential and commercial density in transit-served areas, enhancing long-term redevelopment optionality and underlying land value for well-located infill assets such as this.

Spread over 4 full floors as well as a mezzanine and penthouse, the building is now 100% vacant. According to a Cushman flyer, the property offers incoming ownership complete flexibility to reposition, re-tenant, or fully reimagine the asset to meet modern tenant demand or a future redevelopment vision.

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