Storefront Property with Expansion
For Sale
$3,375,000
Pending
398 Greenwich Avenue, Greenwich, CT 06830
Multi-level commercial building with central air and potential for additional floor area.
Property Size4,386 SF
Days on Market2569
Property Features for 398 Greenwich Avenue
General Information
Standard status
Pending
Size
4,386 SF
Property subtype
Retail
Amenities
Central Air
3
Built Up
Building Details
Year Built
1900
Listing Agency:
Greenwich Land Co., Inc.
(203) 496-3481
Listed By:
Peter Lauridsen
(203) 496-3481
Source:
Xome
Added: Jul 29, 2019
Changed: Aug 9
Last Checked: Aug 9 at 10:13AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Greenwich Land Co., Inc.
Investment Insights
Based on property information with market context.
This 4,386-square-foot storefront property at 398 Greenwich Avenue includes central air and was built in 1900. The building has upper floors with residential potential, while expansion may add 45% more floor area. The existing lease is structured as triple net and is stated to expire on 4/30/2020.
The property is located one block from a proposed train station and theater redevelopment. Its Greenwich Avenue address places the storefront within the stated redevelopment context and provides a defined commercial setting for the existing building. The property is offered for sale.
The property is located one block from a proposed train station and theater redevelopment. Its Greenwich Avenue address places the storefront within the stated redevelopment context and provides a defined commercial setting for the existing building. The property is offered for sale.
Key Highlights
- 4,386 SF storefront property at 398 Greenwich Avenue
- Expansion may add 45% more floor area
- Upper floors have residential potential
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,875
Businesses Nearby
191k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 30%
Shops & Services 22%
Groceries 22%
Dining 13%
Stop & Shop
Groceries
24,208 visits/mo
0.4 miles
Saks Fifth Avenue
Apparel
20,377 visits/mo
0.3 miles
ACME Markets
Groceries
17,936 visits/mo
0.4 miles
Citibank
Shops & Services
11,912 visits/mo
0.1 miles
Starbucks
Dining
11,711 visits/mo
0.1 miles
Demographics for 06830, CT
25,043
Population
11,065
Households
2.3
Avg Household Size
44
Median Age
69%
College-Educated
95%
High-School Grad
13.5 sq mi
ZIP Area
1,855
Density / Sq Mi
$146,841
Median Household Income
$67,755
Median Earnings
$2,296
Median Rent
$1,685,700
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Storefront property - Multi-level commercial building with central air and potential for additional floor area.
Where is this storefront property located?
The property is located at 398 Greenwich Avenue Greenwich, CT.
What is the asking price?
The asking price for this property is $3,375,000.
What are key features of this property?
This property features: 4,386 SF storefront property at 398 Greenwich Avenue; Expansion may add 45% more floor area; Upper floors have residential potential
