PRIME CORNER 1.14 ACRE MIXED USE INVESTMENT - 7% RETURN - MAVIS AUTO LEASE UP TO 13 YEARS - Future Use - Current or Retail Center w/Residential
Opportunity: A rare opportunity to acquire a prime 1.14-acre property in the prestigious Riverside section of Greenwich. This asset offers strong current income.
Future use options are to continue the existing use or to repurpose the commercial building as a boutique retail center. The rear of the property presents an outstanding opportunity for a multi-unit residential development.
Improvements: 9,592 SF of total buildings consisting of a one story commercial building with basement plus two houses and a detached garage.
Site: 1.1420 Acres in the LB and R-12 Zones. (Local Business and Residential)