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Property profile & analytics
OFF-MARKET Estimated value $1,510,000
Office buildings

70 Pne St New Canaan, CT 06840-5422

10,298 SF 0.79 ac lot Built 1951
Entity Owned 1-yr Hold Free & Clear
Property ID
US15-0281428
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1951
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 10,298 SF
Lot 0.79 ac (34,412 SF)
Zoning code BUSA
APN NCAN M:000K B:139 L:00925
UPID US15-0281428
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
  • MELLICK & SEXTON Law Firm
  • Wofsey Rosen Kweskin & Kurians Law Firm
  • Refine Design 3D LLC IT Consulting Firm
  • Performing Arts Conservatory of New Canaan Vocational School Training Center
  • Summer Theatre of New Canaan Theater & Performing Art Venue
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.56M
Blend (final) Blend
$1.51M
Owner & transaction history
70 Pine Street LLC · 1 yrs held
70 Pine Street LLC
since 2025
2 recorded transactions
2025
$5.5M
2011
$2.4M
Zoning & alternative use
BUSA · New Canaan, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source 2004 Revision
Top alternative use upside
Auto repair, garage $2.4M +33.9%
Commercial (general) $2.4M +33.5%
Retail stores $1.9M +6.5%
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