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Property profile & analytics
OFF-MARKET Estimated value $3,575,000
Investment properties

351 Greenwich Ave Greenwich, CT 06830-2528

3,691 SF 0.05 ac lot Built 1928
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US15-0828944
Property summary
AI-generated overview

This exceptional mixed-use property at 351 Greenwich Avenue in Greenwich, Connecticut, presents a prime retail investment opportunity. The 1,715 square foot ground floor space is currently leased to Ruby & Jenna, a successful regional women's fashion retailer with 13 locations, under a lease expiring December 2025. A 90-day termination clause provides significant flexibility for the new owner. The property also includes a full basement, adding considerable potential. This location boasts exceptional visibility and foot traffic on Greenwich Avenue, a highly sought-after retail corridor. The property's immediate neighbors include a prestigious collection of national and international brands such as Apple, Restoration Hardware, Richard's, Athleta, Todd Smith, Allbirds, Ba&sh, Aesop, Rodd & Gunn, Herman Miller, Kissaki, and Starbucks. The property's strong tenant and desirable location contribute to a substantial net operating income (NOI) of $274,545. This is an unparalleled chance to acquire a thriving retail asset in one of Connecticut's most affluent and desirable towns. The property is located in Fairfield County, Connecticut, zip code 06830. This offering presents a rare opportunity to capitalize on the strong retail market in Greenwich.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1928
Construction FRAME
Total area 3,691 SF
Lot 0.05 ac (2,178 SF)
Zoning code CGBR
APN GREE M:01 B:1940/S
UPID US15-0828944
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Arguimbau Art Gallery Art Gallery
  • Ruby & Jenna Clothing Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$3.73M
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.20M
Blend (final) Blend
$3.58M
Owner & transaction history
351 Greenwich LLC · 3 yrs held
351 Greenwich LLC
since 2022
Last sale
$3.5M
2 recorded transactions
2023
Price N/A
2022
$3.5M
Zoning & alternative use
CGBR · Greenwich, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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