An outstanding opportunity to acquire a pristine mixed-use property inspired by Contemporary New England Coastal architecture, built new in 2021. This rare gem is ideally situated near the heart of Greenwich, Byram, and Port Chester, offering unmatched convenience to restaurants, shopping, Costco, a 14-screen multiplex, and Metro North rail service.
Tenants with existing leases not to be affected by sale. Tenants enjoy proximity to Greenwich’s renowned amenities, including eligibility for the Greenwich Town Pass, which provides access to beaches, tennis courts, the Byram Park pool complex, and enrollment in Greenwich Public Schools.
This turnkey income property features multiple revenue streams, including three residential units and a flexible commercial space:
• Commercial Unit: Features an attractive front office/retail area with powder room, a private rear office, and an impressive double-height heated workspace/garage, accommodating two commercial vehicles plus additional storage. (Owner-occupied; projected market rent: $3,950/month)
• Residential Units: Includes one spacious 2-bedroom apartment and two 1-bedroom apartments (one reserved for moderate-income occupancy).
The property offers excellent parking: 2 covered garage spaces, 4 surface spaces, and 1 ADA-compliant space, with additional street and municipal parking nearby.
Purpose-built for its flood zone location, the building carries a current flood insurance premium of just $3,669/year. All utilities are underground, with separate metering for each unit (except water), maximizing operational efficiency. Zoned LBR-2, the property allows for a variety of commercial and mixed-use possibilities.
Projected Cap Rate: 5.2% - with strong in-place income and additional upside upon commercial lease-up, this is a rare investment opportunity offering both stability and growth potential in one of Fairfield County’s most desirable markets.