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Mixed-Use Property with Retail
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171-173 Greenwich Ave, Greenwich, CT 06830

Street-level retail is paired with four renovated residential apartments and additional unfinished rooftop space.

Property Size3,256 SF
Days on Market142

Property Features for 171-173 Greenwich Ave

General Information

Standard status Active
Size 3,256 SF
Property subtype Multifamily, Retail

Additional Details

Floor Ground
Road Access Yes
Multifamily Units 4

Building Details

Tenancy Single
Listing Agency: Cushman & Wakefield - Stamford, Connecticut
Listed By: Matt Torrance · License #CT RES.0795522
Source: Crexi
Added: Apr 13 Changed: Aug 30 Last Checked: Aug 30 at 7:16PM

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 Cushman & Wakefield - Stamford, Connecticut

Investment Insights

Based on property information with market context.

This mixed-use property combines a newly leased street-level retail component with residential units above. The ground-floor space contains 3,256 SF and is leased to Madewell under a term beginning in September 2025 and extending through January 2036, with a full J.Crew corporate guarantee and annual rent escalations. The property also includes four residential apartments that underwent gut renovation in 2018.

Located on Greenwich Avenue in Greenwich, Connecticut, the building occupies a retail corridor described in the source material as having limited retail availability and a mix of globally recognized retailers. Additional physical components include an unfinished roof deck and potential expansion of the second and third floors, providing further residential development capacity as described in the offering materials.

Key Highlights

  • 3,256 SF ground‑floor retail space leased to Madewell
  • Madewell lease runs from September 2025 through January 2036
  • Lease includes a full J.Crew corporate guarantee and annual escalations

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Pet Grooming Service Grocery & Convenience Store Butcher Restaurant (Bike/Boat/Book/etc) Store Nursing Home

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units
Single-tenant
Tenancy
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

3,876
Businesses Nearby

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 Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Street-level retail is paired with four renovated residential apartments and additional unfinished rooftop space.
Where is this mixed-use property located?
The property is located at 171-173 Greenwich Ave Greenwich, CT.
What are key features of this property?
This property features: 3,256 SF ground‑floor retail space leased to Madewell; Madewell lease runs from September 2025 through January 2036; Lease includes a full J.Crew corporate guarantee and annual escalations
(203) 326-5822 Call to check price and availability
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