70 Pne St New Canaan, CT 06840-5422
This exceptional investment opportunity comprises three contiguous properties totaling 33,198 square feet on 1.49 acres in desirable downtown New Canaan, Connecticut. Located within walking distance of the Metro-North Train Station, this property offers unparalleled regional accessibility and benefits from a strong amenity base and a highly skilled workforce. Currently vacant, the buildings are situated within the flexible Business A zoning district, allowing for a wide range of redevelopment possibilities. Permitted uses include, but are not limited to, general office space, residential units, restaurants with outdoor dining options, municipal buildings, medical offices, and various service establishments. The existing structures present a unique chance for an owner-occupant or a comprehensive redevelopment project. This prime location, combined with the flexible zoning and substantial square footage, makes this a compelling investment prospect for those seeking a high-impact project in a thriving Connecticut community. The property's three buildings are all one story and offer significant potential for a variety of uses. This is a rare opportunity to acquire a substantial land parcel in a highly sought-after location.
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MELLICK & SEXTON Law Firm
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Wofsey Rosen Kweskin & Kurians Law Firm
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Refine Design 3D LLC IT Consulting Firm
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Performing Arts Conservatory of New Canaan Vocational School Training Center
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Summer Theatre of New Canaan Theater & Performing Art Venue
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
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
BUSA · New Canaan, CTCosts & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.