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    93 Cherry St New Canaan, CT 06840

    For Sale
    $2,600,000

    Vacant, 3,082 SF Office Space, 12 Parking Spaces

    Property size:
    3,082 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 3,082 square foot office building, located at 93 Cherry Street in New Canaan, Connecticut, presents a unique investment opportunity. Currently vacant and ready for immediate occupancy, this Class B, traditional office space boasts a bright and beautiful interior with large walls of glass, creating an airy and spacious feel. The upper floor features a flexible layout, including some private offices with doors and a predominantly open floor plan. Enjoy the benefit of two private balconies, accessible via large doors, providing ample natural ventilation and light. The property includes a convenient pantry area and numerous closets for storage. The building offers 12 dedicated parking spaces for tenants and visitors. Situated on a 0.15-acre lot in the heart of New Canaan's business district, this property is zoned for Business B use. The building has received Planning & Zoning approval for conversion of three of the four commercial office condos into residential apartments, offering significant future development potential. The asking price is $2,600,000, and the lease type is gross. This is a four-unit building.

    Property Features for 93 Cherry St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    3,082 SF
    Class
    B
    Lot Size
    6,534 SF

    Building Details

    Units
    4
    Property Profile Location Intelligence

    Current Use by Public Records

    Brown Harris Stevens Real Estate Agency Dharma Drum Mountain ... Association / Organization Century Products LLC Software Company Contek International Software Company Nielsen & Co Insurance Agency

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Canaan
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.491122866067
    Latitude
    41.146301490627

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    FAQs

    What type of property is this?
    Office Property / Space - Vacant, 3,082 SF Office Space, 12 Parking Spaces
    Where is this office property / space located?
    The property is located at 93 Cherry St New Canaan, CT.
    What is the asking price?
    The asking price for this property is $2,600,000.
    Request Owner's contact information
    93 Cherry St New Canaan, CT 06840
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    New Canaan, CT 06840
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    93 Cherry St New Canaan, CT 06840
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