31 Elm StGreenwich, CT 06830

Property Details for 31 Elm St

Year built

1923

Construction

STEEL FRAME

Lot size

0.15 AC

Property size (Sq ft)

2,622 SF

Zone code

CGB

Property type

Office properties

Property subtype

Office buildings

APN

GREE M:01 B:2038/S

APU

GREEM01B2038S

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $433,495

  6.5%

  $400,149

  7%

  $371,567

• Comparable approach

  Method

  Valuation

  Relative Method

  $342,591

  Geo Method

  $342,591

• Alternative Use

  Use

  Valuation

  Residential

  $496,185

  Hospitality

  $454,503

  Educational

  $378,141

  Medical

  $391,146

  Retail

  $588,219

Location Insight

City

Greenwich

County

Fairfield

State

Connecticut

Latitude

41.0273

Longitude

-73.6245

CBSA code

14860

CBSA name

BRIDGEPORT-STAMFORD-NORWALK, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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