21 Frst St, New Canaan, CT 06840-4755

Property Details for 21 Frst St

Year built

2015

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.54 lot acres

Zone code

850

Property type

Showrooms

APN

NCAN M:000T B:073 L:00714

APU

NCANM000TB073L00714

Description

This exceptional Class A, 4,375-square-foot storefront at 21 Forest Street in New Canaan, Connecticut, presents a compelling investment opportunity. Located within the prestigious Heritage Square development (built in 2016), this commercial condominium unit boasts a 100% occupancy rate, generating a strong net operating income (NOI) of $161,081 and a 6.50% capitalization rate. The property is currently leased to two established tenants, House of Telos and Look New Canaan, under long-term triple-net (NNN) leases, ensuring consistent cash flow. The building features 15 parking spaces for tenant and customer convenience. Situated in a vibrant downtown location, this property benefits from high foot traffic and proximity to numerous restaurants and shops, including Green & Tonic, Hashi Sushi, Cava Wine Bar, Athletic Shoe Factory, and Mattress Firm. Its convenient location is also a short walk from Elm Street and the Metro-North train station. The property is zoned for Business A use and offers a rare opportunity to acquire a high-performing retail asset in a desirable New Canaan location. The asking price is $2,495,000.

Location Insight

City

New Canaan

County

Fairfield

State

Connecticut

Longitude

-73.4919

Latitude

41.1482

CBSA code

14860

CBSA name

BRIDGEPORT-STAMFORD-NORWALK, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments