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Renovated Mixed-Use Property
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171 Greenwich Ave, Greenwich, CT 06830

Retail space and four luxury apartments combine with updated finishes and rear access to public parking.

Property Size6,192 SF
Days on Market143

Property Features for 171 Greenwich Ave

General Information

Standard status Active
Size 6,192 SF
Property subtype Mixed Use, Multifamily, Retail

Amenities

custom kitchens with top of the line appliances and quartz countertops
radiant heated bathroom floors
in-unit washer/dryer
ductless heating and air conditioning
keyless building and unit access

Building Details

Year Renovated 2018
Buildings 1
Stories 3
Tenancy Multi
Listing Agency: Cushman & Wakefield - Stamford, Connecticut
Listed By: Matt Torrance · License #CT RES.0795522
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Aug 29 at 11:34PM

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 ground-floor retail suite with four one-bedroom apartments arranged across the second and third floors. The exterior and residential interiors were renovated in 2018, with apartment features including custom kitchens, quartz countertops, radiant-heated bathroom floors, in-unit laundry, ductless heating and air conditioning, and keyless entry for the building and units.

The property occupies a prominent stretch of Greenwich Avenue between Lewis Street and Elm Street in Greenwich, Connecticut. Surrounding retailers include Saks Fifth Avenue, Tiffany & Co., Lululemon, Zara, J.Crew, Vineyard Vines, and Chase Bank. Rear access connects to the Town of Greenwich’s Liberty Way Parking Lot, described as the largest public parking facility on Greenwich Avenue.

Current zoning regulations allow the upper floors to expand to the ground-floor footprint. The stated development concept would add approximately 3,500 SF, bringing the property to almost 10,000 SF.

Key Highlights

  • Mixed‑use configuration with 6,192 SF of space
  • Ground‑floor retail suite leased to Club Monaco
  • Four luxury one‑bedroom apartments on the second and third floors

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

Multi-tenant
Tenancy

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 - Retail space and four luxury apartments combine with updated finishes and rear access to public parking.
Where is this mixed-use property located?
The property is located at 171 Greenwich Ave Greenwich, CT.
What are key features of this property?
This property features: Mixed‑use configuration with 6,192 SF of space; Ground‑floor retail suite leased to Club Monaco; Four luxury one‑bedroom apartments on the second and third floors
More about this property
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