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Investment Highlights

  • Downtown Stamford. Walk to Metro-North train station and all downtown restaurants, clubs, places of worship, library and movie theaters in downtown

Executive Summary

99 year ground lease offered for developer to build apartments to maximize their return. We would like to keep the existing 1938 church building with classrooms and administrative offices. It may be that it is more efficient for the builder to level the property and provide a church, classrooms and administrative offices within a new structure.
Located in CG commercial zone in downtown Stamford CT.

Property Facts

Sale Type Investment or Owner User
Sale Condition Ground Lease (Leased Fee)
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use Apartment Units
Total Lot Size 1.25 AC
Zoning CG - General Commercial Zone- residential and commercial

1 Lot Available

Lot

Lot Size 1.25 AC

1.25 acre lot in downtown Stamford, with existing church, classrooms and administrative offices on property. 99 year lease offered for developer to put as many apartments on property as they can. Price on request.

Description

29 Grove Street is located in vibrant downtown Stamford. Walk to the restaurants, movie theaters and library. Walk to the train. It is the first express stop out of New York City on the MetroNorth railroad in Connecticut as well as an Amtrak stop between New York and Boston. The Harbor Point area south of I-95 and the MetroNorth/Amtrak train tracks has been one of the biggest construction projects in the United States in the past decade. Connecticut has lower taxes than New York and New Jersey. Downtown Stamford is alive at night and it is a short drive or train ride to Greenwich Avenue, one of the premier restaurant and retail streets in America! Stamford is a half hour from Westchester County Airport, less than one hour to LaGuardia International Airport and a little over one hour to John F. Kennedy and Newark airports.

Moderately walkable
70/100
Exceptionally drivable
100/100
Exceptional public transit
90/100
Fairly bikeable
40/100
  • Listing ID: 33841402

  • Date on Market: 2024-11-12

  • Last Updated:

  • Address: 29 Grove St, Stamford, CT 06901

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