93 Cherry St - Medical FOR SALE


New Canaan, CT 06840
$2,950,000 USD
203-246-6505
93 Cherry St, New Canaan, CT for Sale
$2,950,000 USD
Medical - FOR SALE
1/9
null | Request Cap Rate

93 Cherry St
New Canaan, CT 06840


HIGHLIGHTS

  • Prime downtown New Canaan location with exceptional walkability and visibility.
  • 12 private off-street parking spaces, plus convenient non-metered street parking—a rare and valuable amenity in the downtown core.
  • Stable in-place tenancy providing immediate cash flow and investment stability.
  • Potential for future expansion, redevelopment, or adaptive reuse, subject to municipal approvals.
  • Ideal for investors, medical practices, professional offices, law firms, financial services, or owner-users seeking to occupy all or part of the build
  • Minimal anticipated near-term capital expenditures due to the property's excellent condition.

OVERVIEW

93 Cherry Street presents a rare opportunity to acquire a premier commercial asset in the heart of downtown New Canaan—one of Fairfield County's most desirable and supply-constrained commercial markets. Offering approximately 3,200 square feet, this well-maintained property combines immediate rental income, long-term appreciation potential, and exceptional flexibility for investors, owner-users, medical professionals, and developers. Strategically located within New Canaan's vibrant downtown business district, the property benefits from outstanding visibility, excellent pedestrian traffic, and convenient access to restaurants, retail, banking, and the Metro-North train station. Downtown New Canaan continues to experience strong demand for boutique commercial assets, driven by historically limited inventory, high barriers to entry, and a resilient local economy. Properties offering a combination of private parking, quality construction, stable tenancy, and redevelopment potential are rarely available. Recent commercial sales in the immediate area further support the long-term value of well-located downtown assets, making 93 Cherry Street an exceptional opportunity for buyers seeking both current income and future upside. Whether your objective is to acquire a stabilized investment, establish your business in one of Connecticut's premier downtown markets, or capitalize on future redevelopment opportunities, 93 Cherry Street offers a unique combination of location, flexibility, and long-term value that is seldom available in today's commercial real estate market.

FOR SALE DETAILS

PRICE

$2,950,000 USD

PRICE/SF

$864 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1976

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

Business A

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Bob VirgulakCentury 21 AllPoints RealtyMore Info
203-246-6505

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Bob VirgulakCentury 21 AllPoints RealtyMore Info
203-246-6505

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