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Investment Highlights

  • 100% LEASED INVESTMENT
  • Future Residential / Commercial Development
  • ½ BLOCK FROM CENTRAL GREENWICH AVENUE

Executive Summary

100% LEASED INVESTMENT - ½ BLOCK FROM CENTRAL GREENWICH AVENUE - Future Residential / Commercial Development
Opportunity: Acquire a legacy property in an unparalleled location, ideal for land-banking. Perfect for future high-end development.
Improvements: 3,957 SF retail office building on 3 floors.
Site: 6,473 SF in the CGB zone. Utilities include electric, gas, municipal water and town sewer. 10 car onsite parking.

Financial Summary (Actual - 2024)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income - -
Other Income - -
Vacancy Loss - -
Effective Gross Income - -
Net Operating Income $106,120 $26.82

Financial Summary (Actual - 2024)

Gross Rental Income (CAD)
Annual -
Annual Per SF -
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual -
Annual Per SF -
Net Operating Income (CAD)
Annual $106,120
Annual Per SF $26.82

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,957 SF
Building Class
C
Year Built
1923
Price
$4,625,734 CAD
Price Per SF
$1,169.00 CAD
Cap Rate
2.29%
NOI
$106,120 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.61
Lot Size
0.15 AC
Zoning
CGB - Central Greenwich Business (CGB). Supports a wide range of retail and commercial uses, potential for multi-unit residential development.
Parking
10 Spaces (2.53 Spaces per 1,000 SF Leased)
Frontage
70’ on East Elm Street
Moderately walkable
70/100
Very drivable
80/100
Good public transit
70/100
Fairly bikeable
40/100

Nearby Major Retailers

Patriot Bank
Webster Bank
Citizens Bank
Chase Bank
TD Bank
Barcelona Wine Bar
Bank of America
Charles Schwab
New York Sports Club
Wells Fargo Bank

Property Taxes

Property Taxes

Parcel Number
GREE-000001-000000-002038-S000000
Land Assessment
$1,349,014 CAD (2025)
Improvements Assessment
$1,283,206 CAD (2025)
Total Assessment
$2,632,219 CAD (2025)
  • Listing ID: 22645916

  • Date on Market: 2021-04-05

  • Last Updated:

  • Address: 31 E Elm St, Greenwich, CT 06830

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