189th Greenwich Ave Greenwich, CT 06830-6515
The emphasis of the CGBR zone is upon protection of ground floor space for compatible retail uses, and avoidance of a break in storefront continuity. Consequently, businesses in the zone are generally dependent upon pedestrian traffic and storefront exposure. In addition to retail uses, a wide variety of services and community functions is included to suit t…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
CGBR · Greenwich, CTThe emphasis of the CGBR zone is upon protection of ground floor space for compatible retail uses, and avoidance of a break in storefront continuity. Consequently, businesses in the zone are generally dependent upon pedestrian traffic and storefront exposure. In addition to retail uses, a wide variety of services and community functions is included to suit the broad and longer -term needs of residents and customers. An important goal of the CGBR zone is to provide for housing to meet the diverse needs of the Town’s residents, as well as to provide a night -time presence and a daytime market that supports and strengthens the business community. (B) Ground Floor Uses. Except for access to and egress fro m upper floor permitted uses, uses on the ground floor shall be limited to uses listed in Use Group 1 except for banks and financial services, (including drive up and drive thru) and sales agencies of real estate, employment insurance or travel firms which are not permitted on the first floor of the CGBR zone. These uses are only allowed on the upper floors if parking is provided on site since these uses are considered office uses and not retail uses. ATM machines and bank entrances to the 2nd floor are not considered financial services and may be located on the first floor in the CGBR zone. Recreational facilities, fitness clubs, gyms and group fitness centers are not permitted on the first floor of the CGBR zone and only in the Basement and on the upper floors if, in either case, adequate parking is provided on site per Section 6-158 of the BZR. Other Use Group 1 uses shall occupy not less than 75% of the floor area of the largest floor of the building. For the purposes of this provision, the ground floor shall be considered a floor within 18 inches of mean curb elevation; if no floor occurs within this elevation, the Zoning Enforcement Officer shall determine which floor of the building shall be treated as the ground floor. Public areas of a restaurant i n the CGBR zone are restricted to the ground floor only, but the basement or second floor may be used for food preparation and accessory non-public restaurant uses, unless the Restaurant meets the qualifying criteria set forth in Sec.6-100 (Use Group 1, Restaurants), in which case public areas of a restaurant in the CGBR Zone may be permitted on the ground and second floors. For the purposes of this section, a floor shall be considered the ground floor if it is located within 18” above or below mean curb elevation. (4/14/2010; 9/28/2010, 9/20/2013; 9/19/2017; 8/11/2021) (C) Permitted Uses.
Costs & Benchmarks
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Risks
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