Former Stamford Hardware Store Building Up For Sale: Report

STAMFORD, CT — The former Keough's Paint and Hardware building on High Ridge Road is up for sale, the Stamford Advocate reported. The vacant building is being marketed by real estate firm Newmark Knight Frank.

According to the Stamford Advocate, a Newmark Knight Frank spokesperson told the paper a number of prospective users had shown interest in the location and he was "fully confident" the property would have a buyer soon.

The family-run business shut down its Stamford store in December 2019. At the time of the closing, owner Bill Keough cited "declining sales and increasing business costs" as reasons for the closure. (To sign up for Stamford breaking news alerts and more, click here.)

The Stamford store opened in 1990, offering customers a wide selection of tools, paints and lawn and garden equipment, among other items. Keough's also has a store located in Ridgefield, which dates back to the 1970's and remains open.

The High Ridge Road building has two floors, which Keough cited as a positive aspect of the Stamford store.

See also: Family-Run Hardware Store Closes After 30 Years In Stamford

Stamford Chamber of Commerce president Heather Cavanagh said the former hardware store is a "highly desirable" location, situated between the Turn of the River Shopping Center and a Shell gas station on one of the city's busiest roads.

"With the influx and rebound especially in the north Stamford real estate market, many new residents are moving to Stamford during [the coronavirus crisis]," Cavanagh said. "There are many opportunities for a new business to attract this increasing demographic. The two-level [Keough's] structure, with ample parking and accessibility, should definitely attract a prospective buyer or tenant to occupy the space."

According to Cavanagh, a number of new businesses have opened along High Ridge Road within the past year, and they are continuing to thrive. She cited Nothing Bundt Cakes, which opened in August at 838 High Ridge Road, as an example.

Owner Ann Folger previously told Patch her new store is a full bakery and the franchise's 365th location, as well as its first Connecticut location. Specializing in bundt cakes, the bakery offers customers an array of deliciously moist cakes topped with a signature cream cheese frosting.

See also: Bakery Specializing In Unique Cakes Opens In Stamford

"Ann Folger and her family opened their bakery during COVID-19 [and] became one of the strongest community partners through the pandemic and supporters of the chamber, and the business community as a whole," Cavanagh said. "The pandemic has created innovative partnerships, and businesses are emerging stronger on the other side of this crisis."

Read the full Stamford Advocate story here.

Patch has reached out to Newmark Knight Frank and the city's Economic Development Office for further information.