30 Milbank Ave Greenwich, CT 06830-5730
- Office buildings
- 3,650 SF
- 0.35 lot acres
Current Use by Public Records
- Wiggin and Dana LLP / Legal Services / Law Firm
- Center Point 360 / Public Relations Firm
Property Details for 30 Milbank Ave
- Year built
- 1840
- Construction
- FRAME
- Lot size
- 0.35 lot acres
- Property size
- 3,650 SF
- Zone code
- R-6
- Property type
- Office buildings
- APN
- GREE M:01 B:1628/S
- APU
- GREEM01B1628S
Description
This exceptional three-story office building, known as the Robert Mead House, presents a unique investment opportunity in the heart of Greenwich, Connecticut. Spanning 3,975 square feet, this historic building, constructed in 1854 and extensively renovated in 2015, boasts high-quality finishes and significant character. Located at 30 Milbank Avenue, it benefits from a superb location just two blocks from Greenwich Avenue's vibrant retail scene, offering high visibility and accessibility. The property includes 16 parking spaces and sits on a 0.35-acre lot. Currently operating at 100% occupancy with a single tenant under a net lease expiring April 30, 2026 (1.4 years remaining), this building offers multiple paths to upside potential. The building's flexible layout is suitable for single or multi-tenant occupancy, catering to diverse needs. The property is zoned HRO (Historic Residential Overlay), allowing for a variety of professional and medical office uses. Significant capital expenditures exceeding $500,000 have been invested in recent years to restore and modernize the property, ensuring its continued appeal. The asking price is $4,500,000. This presents a rare chance to acquire a landmark property in one of the wealthiest communities in the United States, with a strong tenant base and significant upside potential. The building's elegant features, including large rooms, high ceilings, numerous fireplaces, and beautiful millwork, contribute to its unique charm and appeal. The building's Class B designation reflects its high-quality renovation and desirable location.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $385,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $322,000
Market price range: $153k - $492k -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $635,000 Current use
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Location Insight
- Map
- Local Demand
- City
- Greenwich
- County
- Fairfield
- State
- Connecticut
- Longitude
- -73.623
- Latitude
- 41.0334
- CBSA code
- 14860
- CBSA name
- BRIDGEPORT-STAMFORD-NORWALK, CT METROPOLITAN STATISTICAL AREA
