Property profile

1 Edgewood Ave Greenwich, CT 06830

OFF-MARKET
Investment properties
Property ID
US15-1134344
5,081 SF 0.21 ac lot Built 1900
Entity Owned Free & Clear
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Property summary

AI-generated overview

This exceptional 5,081 square foot retail property, built in 1900, enjoys a prime location on West Putnam Avenue in Greenwich, Connecticut, within a prestigious row of luxury car dealerships including Bentley, Ferrari, Lamborghini, and more. The single-tenant building features a 3,000 square foot ground floor storefront with prominent West Putnam Avenue frontage, offering unparalleled visibility to a high-net-worth clientele. A connected ground-floor garage/warehouse with three garage doors and easy access from Oakridge Street provides ample space for inventory or storage. The building also includes a full basement for additional storage and two upper-level residential units. The non-conforming lot extends nearly to its rear boundary, creating a unique advantage for automotive uses, allowing for potential expansion and efficient vehicle movement. The General Business zoning permits a maximum building height of 40 feet, presenting opportunities for significant upgrades and increased ceiling height. This property's strategic location, combined with its versatile layout and ample space, presents a rare opportunity for a business seeking to capitalize on the high concentration of luxury car buyers in this exclusive area. The property is situated minutes from Greenwich Avenue and offers convenient access to New York City, Fairfield County, and Westchester County. The building's four stories offer flexibility for various uses, and the dual street access enhances visibility and accessibility. This is an exceptional opportunity to establish a presence in one of the most desirable automotive retail locations in the region. Interested parties are encouraged to conduct their own due diligence.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1900
Construction FRAME
Total area 5,081 SF
Lot 0.21 ac (9,148 SF)
Zoning code GB
APN GREE M:03 B:1428/S
UPID US15-1134344

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Professional Services

Location

1 Edgewood Ave Greenwich, CT 06830-5257
Greenwich metro Census 10500 BRIDGEPORT-STAMFORD-NORWALK, CT METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$360k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$335k

Owner & transaction history

Zoning & alternative use

GB · Greenwich, CT
Zoning description

zones of the CGBR and LBR zones, but are allowed in the LB, CGB, GB and GBO zones subject to site plan and special permit approvals, and licensing from the state. Animal Grooming facilities are not permitted in the CGBR…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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