Property profile

93 H1 & H2 New Canaan, CT 06840

FOR SALE
Office Spaces
Property ID
US15-0566945
715 SF Built 1976
Individually Owned 24-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 750-square-foot office condo is located at 93 Cherry Street in New Canaan, Connecticut, zip code 06840. Situated on the first floor of a highly visible building, this space enjoys exposure to approximately 8,000 vehicles daily, thanks to excellent signage opportunities. The property is ideally suited for either retail or office use, offering a single-tenant occupancy. The unit boasts a private bathroom and entrance, providing a high degree of privacy and convenience. Climate control is ensured by a dedicated HVAC system and individual thermostat. Large windows flood the space with natural light, creating a bright and welcoming atmosphere. This prime location offers excellent proximity to the heart of New Canaan's town center and bustling business district. The building also houses a well-established real estate firm on the second floor. This is the last available space in the building, making it a truly unique opportunity. The property is classified as a traditional office space and is a single-tenant occupancy.

Property profile

Verified
Property type Office Spaces
Use group CONDOMINIUM OFFICES
Year built 1976
Total area 715 SF
Zoning code 700
APN NCAN M:000T B:076 L:658 U:G1
UPID US15-0566945

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Real Estate Agency
  • Association / Organization
  • (Bike/Boat/Book/etc) Store Corporate Office
  • (Bike/Boat/Book/etc) Store Corporate Office
  • Insurance Agency

Location

93 H1 & H2 New Canaan, CT 06840
New Canaan metro Census 35101 BRIDGEPORT-STAMFORD-NORWALK, CT METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$225k

Owner & transaction history

since 2001
2 recorded transactions
2001
$305,000
1990
$305,164

Zoning & alternative use

700 · New Canaan, CT

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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