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    93 Cherry St New Canaan, CT 06840

    Sponsored
    For Lease
    $40 SF/Yr

    Prime location, single-tenant office condo.

    Lot size:
    750 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 750-square-foot office condo is located at 93 Cherry Street in New Canaan, Connecticut, zip code 06840. Situated on the first floor of a highly visible building, this space enjoys exposure to approximately 8,000 vehicles daily, thanks to excellent signage opportunities. The property is ideally suited for either retail or office use, offering a single-tenant occupancy. The unit boasts a private bathroom and entrance, providing a high degree of privacy and convenience. Climate control is ensured by a dedicated HVAC system and individual thermostat. Large windows flood the space with natural light, creating a bright and welcoming atmosphere. This prime location offers excellent proximity to the heart of New Canaan's town center and bustling business district. The building also houses a well-established real estate firm on the second floor. This is the last available space in the building, making it a truly unique opportunity. The property is classified as a traditional office space and is a single-tenant occupancy.

    Property Features for 93 Cherry St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    750 SF

    Unit(s) available at that property

    Space
    Size
    750 SF
    Rate per SF
    $40

    HighLights

    • 750‑square‑foot office condo at 93 Cherry Street, New Canaan, CT 06840.
    • First‑floor location with high visibility and excellent signage opportunities, exposed to approximately 8,000 vehicles daily.
    • Suitable for retail or office use; single‑tenant occupancy.
    • Features a private bathroom and entrance, dedicated HVAC system with individual thermostat, and large windows.
    • Prime location near New Canaan's town center; last available space in the building.
    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
    -73.4910185
    Latitude
    41.1462078

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    FAQs

    What type of property is this?
    Office Property / Space - Prime location, single-tenant office condo.
    Where is this office property / space located?
    The property is located at 93 Cherry St New Canaan, CT.
    What is the lease rate?
    The lease rate is $40 SF/Yr.
    What are key features of this property?
    This property features: 750-square-foot office condo at 93 Cherry Street, New Canaan, CT 06840.; First-floor location with high visibility and excellent signage opportunities, exposed to approximately 8,000 vehicles daily.; Suitable for retail or office use; single-tenant occupancy.
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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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