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    18 Grigg St Greenwich, CT 06830

    For Sale
    $2,695,000

    Prime location, high FAR potential, 1,493 sqft.

    Property size:
    1,493 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    316
    This exceptional 1,493 square foot commercial property, situated on Grigg Street in Greenwich, CT, presents a unique investment opportunity. Located on a charming street recognized by the Greenwich Historic District Commission (HDC) for its historical significance, this property offers substantial development potential. The HDC designation provides an advantage when seeking approvals from Greenwich Planning & Zoning. Currently zoned CGB, this allows for a diverse range of uses including residential, office, or retail. The existing building sits on a 0.17-acre lot. Most significantly, the HDC's support can lead to a substantial increase in the Floor Area Ratio (FAR), potentially rising from 30% to a maximum of 90%. This translates to a possible expansion to up to 6,700 square feet, unlocking significant value and flexibility for future development. The property's prime location and the potential for significant expansion make this a rare and compelling investment opportunity in the heart of Greenwich. The asking price is $2,695,000. This is a chance to acquire a piece of Greenwich history with a bright future.

    Property Features for 18 Grigg St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    1,493 SF
    Lot Size
    7,405 SF

    Building Details

    Year Built
    1833
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Law Firm Spa & Massage Realty agency Dental Office Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Greenwich
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.62585
    Latitude
    41.02291

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    FAQs

    What type of property is this?
    Commercial real estate - Prime location, high FAR potential, 1,493 sqft.
    Where is this commercial real estate located?
    The property is located at 18 Grigg St Greenwich, CT.
    What is the asking price?
    The asking price for this property is $2,695,000.
    (646) 526-7643
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    18 Grigg St Greenwich, CT 06830
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