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    31 Elm St Greenwich, CT 06830

    For Sale
    Contact for pricing

    Prime Greenwich location, 4,612 SF, 3-story building.

    Property size:
    4,612 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 4,612 square foot commercial property at 31 East Elm Street in Greenwich, Connecticut, presents a unique opportunity for a discerning business. Situated in the heart of Fairfield County, this landmark building offers a blend of retail and creative office space, perfectly suited for a variety of uses. Built in 1923, the three-story structure boasts a rich history and undeniable character. The property is zoned CGB, allowing for flexible usage options. The building's 4,612 square feet are spread across three floors, providing ample space for both retail display and office functionality. An attractive feature is the adjacent municipal 10-car parking lot, offering convenient parking for employees and customers. The property sits on a 6,473 square foot lot, providing potential for outdoor use or expansion. Its location, just half a block from Central Greenwich Avenue, ensures high visibility and accessibility, placing your business in the center of a thriving commercial district. This is an unparalleled chance to establish a strong retail and/or office presence in one of Connecticut's most desirable towns. The building's unique blend of historical charm and modern adaptability makes it an ideal investment for businesses seeking a prominent and convenient location.

    Property Features for 31 Elm St

    General Information

    Property type
    Individual retail properties
    Square Feet
    4,612 SF

    Building Details

    Year Built
    1923
    Stories
    3

    HighLights

    • Half‑block to Greenwich Avenue's vibrant retail core.
    • High‑profile retail and office space with strong brand recognition.
    • Adjacent municipal lot with 10‑car parking.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Thomas J. Heagney Attorney Heagney Lennon & Slane Attorney The Cubhouse Children'S Store The Well Appointed House Furniture Store

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Greenwich
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.6244845
    Latitude
    41.027435

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    FAQs

    What type of property is this?
    Individual retail property - Prime Greenwich location, 4,612 SF, 3-story building.
    Where is this individual retail property located?
    The property is located at 31 Elm St Greenwich, CT.
    What are key features of this property?
    This property features: Half-block to Greenwich Avenue's vibrant retail core.; High-profile retail and office space with strong brand recognition.; Adjacent municipal lot with 10-car parking.
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    31 Elm St Greenwich, CT 06830
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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
    31 Elm St Greenwich, CT 06830
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