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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

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.
More about this property
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