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179 Hamilton Ave 3,569 SF 100% Leased Retail Building Greenwich, CT 06830 For Sale
Investment Highlights
- Situated Within an Affluent & Highly Desirable Community
- Convenient On-Site 11-Car Private Parking Lot Available for Tenants & Visitors
- Well-Maintained, Fully-Leased Asset Featuring Tenant Expense Pass-Throughs Structured to Help Preserve Strong Net Operating Income Performance
Executive Summary
We are pleased to present for sale 179 Hamilton Avenue in sought-after Greenwich, Connecticut (“the Property”).
The Property consists of a two-story, 3,569 SF (3,184 RSF) building which is fully occupied. The first floor space (1,471 SF) is leased and occupied by the Black Rock Antique Center and is operated as a showroom. The lease, which includes pro rata share reimbursements for taxes and CAM, runs through the end of 2028. The 1,713 SF second floor space is leased to Timo & Violet—a luxury sustainable baby, kids and women’s brand blending organic fabrics, original artwork, and upscale boutique gifting—and is used as showroom/office space. The lease, which expires at the end of 2027, includes pro rata share reimbursements for taxes and CAM.
The 0.15-acre site is situated on the corner of Hamilton Avenue and Grand Street, allowing for prominent visibility, and has an 11-car rear private parking lot.
The Property represents a rare opportunity to acquire a well-maintained mixed-use asset in a high-barrier-to-entry Greenwich location with durable tenant demand, stable in-place cash flow, and long-term upside supported by the area’s affluent demographics, limited commercial supply, and strong retail fundamentals.
The Property consists of a two-story, 3,569 SF (3,184 RSF) building which is fully occupied. The first floor space (1,471 SF) is leased and occupied by the Black Rock Antique Center and is operated as a showroom. The lease, which includes pro rata share reimbursements for taxes and CAM, runs through the end of 2028. The 1,713 SF second floor space is leased to Timo & Violet—a luxury sustainable baby, kids and women’s brand blending organic fabrics, original artwork, and upscale boutique gifting—and is used as showroom/office space. The lease, which expires at the end of 2027, includes pro rata share reimbursements for taxes and CAM.
The 0.15-acre site is situated on the corner of Hamilton Avenue and Grand Street, allowing for prominent visibility, and has an 11-car rear private parking lot.
The Property represents a rare opportunity to acquire a well-maintained mixed-use asset in a high-barrier-to-entry Greenwich location with durable tenant demand, stable in-place cash flow, and long-term upside supported by the area’s affluent demographics, limited commercial supply, and strong retail fundamentals.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
3,569 SF
Building Class
B
Year Built
2006
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.55
Lot Size
0.15 AC
Zoning
LBR-2 - Local Business Retail
Parking
11 Spaces (3.08 Spaces per 1,000 SF Leased)
Frontage
54’ on Hamilton Ave
Amenities
- Signage
- Air Conditioning
Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
50/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | GREE-000003-000000-001445-S000000 | Improvements Assessment | $955,290 |
| Land Assessment | $313,040 | Total Assessment | $1,268,330 |
Property Taxes
Parcel Number
GREE-000003-000000-001445-S000000
Land Assessment
$313,040
Improvements Assessment
$955,290
Total Assessment
$1,268,330
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