18 Grigg St Greenwich, CT 06830
- Office buildings
- 1,493 SF
- 0.17 lot acres
Current Use by Public Records
- Office buildings
Property Details for 18 Grigg St
- Year built
- 1833
- Construction
- FRAME
- Lot size
- 0.17 lot acres
- Property size
- 1,493 SF
- Zone code
- CGB
- Property type
- Office buildings
- APN
- GREE M:01 B:1515/S
- APU
- GREEM01B1515S
Description
This exceptional 1,493 square foot commercial property, situated on Grigg Street in Greenwich, CT, presents a unique investment opportunity. Located on a charming street recognized by the Greenwich Historic District Commission (HDC) for its historical significance, this property offers substantial development potential. The HDC designation provides an advantage when seeking approvals from Greenwich Planning & Zoning. Currently zoned CGB, this allows for a diverse range of uses including residential, office, or retail. The existing building sits on a 0.17-acre lot. Most significantly, the HDC's support can lead to a substantial increase in the Floor Area Ratio (FAR), potentially rising from 30% to a maximum of 90%. This translates to a possible expansion to up to 6,700 square feet, unlocking significant value and flexibility for future development. The property's prime location and the potential for significant expansion make this a rare and compelling investment opportunity in the heart of Greenwich. The asking price is $2,695,000. This is a chance to acquire a piece of Greenwich history with a bright future.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Greenwich
- County
- Fairfield
- State
- Connecticut
- Longitude
- -73.6258
- Latitude
- 41.0229
- CBSA code
- 14860
- CBSA name
- BRIDGEPORT-STAMFORD-NORWALK, CT METROPOLITAN STATISTICAL AREA
