6 6 Water St Greenwich, CT 06830

This exceptional commercial property, located at 6 N 6 Water Street in the vibrant Byram section of Greenwich, Connecticut, presents a unique investment opportunity. Situated on a 0.11-acre lot, the building currently houses a thriving laundry business, featuring both general laundry services and a dedicated wash-and-fold area. The lower level provides ample storage space with its own separate access point, adding to the property's versatility. The current business is demonstrably profitable, offering immediate return on investment. However, the true potential of this property lies in its adaptability. Detailed plans are available for a comprehensive renovation and expansion, envisioning a modern retail space on the main level and the creation of four luxurious one-bedroom residential rental units. This mixed-use development would capitalize on the growing demand for both commercial and residential spaces in this rapidly appreciating area of Greenwich, known for its Brooklyn-like atmosphere and prime downtown location. The property's strategic location and the potential for significant upgrades make it an ideal investment for discerning buyers seeking a high-return opportunity in a desirable and developing market. The existing laundry business provides a stable income stream while the redevelopment plans offer substantial long-term growth potential. This is a rare chance to acquire a property with both immediate income and significant future upside in a highly sought-after Greenwich neighborhood. The asking price is $2,497,500.