38-40 Greenwich Ave - Retail FOR SALE


Greenwich, CT 06830- Downtown Greenwich
$10,750,000 USD
203-247-3516
38-40 Greenwich Ave, Greenwich, CT for Sale
$10,750,000 USD
Retail - FOR SALE
1/13
null | 5.5% Cap Rate

38-40 Greenwich Ave
Greenwich, CT 06830
Downtown Greenwich


HIGHLIGHTS

  • Downtown Greenwich Avenue

OVERVIEW

This prestigious Greenwich property is offered exclusively by Febbraio Commercial. The 8,250 s/f mixed use asset is located in one of Connecticut's most affluent corridors. The property is 100% leased with a diversified tenant mix of retail and residential uses and offers a stable in-place income with significant upside through lease turnovers and market rental adjustments. The landmark building has served the greater Greenwich community since 2008; its recent re-fresh and exterior modernization , clearly distinguish itself from neighboring properties, adding both curb appeal and tenant experience. The properties' upkeep is impeccable with minimal, to no cap-expenses for future owners.

FOR SALE DETAILS

PRICE

$10,750,000 USD

PRICE/SF

$1,303 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

1

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,049 SF

ZONING

CGBR

APN/PARCEL ID

GREE-000001-000000-001880-S000000

ASK ABOUT THIS PROPERTY

Thomas FebbraioBerkshire Hathaway HomeServicesMore Info
203-247-3516

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Thomas FebbraioBerkshire Hathaway HomeServicesMore Info
203-247-3516

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.