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31 E Elm St
Greenwich, CT 06830
Greenwich Avenue, CT (Mixed Use) · Retail Property For Sale

Investment Highlights

  • Excellent location just minutes from Central Greenwich Ave
  • Prime multifamily redevelopment opportunity with a 0.9 FAR
  • Ample parking with 10 onsite surface spaces & adjacent municipal parking
  • Zoning CGB (Central Greenwich Business) allows a variety of retail & commercial uses plus potential for multi-unit residential

Property Facts

Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,841 SF
Building Class
C
Year Built
1923
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.59
Lot Size
0.15 AC
Zoning
CGB - Central Greenwich Business (CGB). Supports a wide range of retail and commercial uses, potential for multi-unit residential development.
Parking
10 Spaces (2.53 Spaces per 1,000 SF Leased)
Frontage
70’ on East Elm Street

About 31 E ELM ST , GREENWICH, CT 06830

31 Elm Street is a 3,841 SF mixed-use building located steps from Central Greenwich Ave. Originally built in 1923, the building has undergone various renovations and upgrades throughout the years. The property offers prime retail plus two floors of commercial space with residential potential on three or four floors. East and West Elm Street divide at Greenwich Avenue in what many consider the center of ‘the Ave,’ a commercial corridor largely populated with fashion retail. Many other attractions, including restaurants and specialty shops, are side by side along with larger retailers such as Saks 5th Avenue, making this part of the central Greenwich vibrant and exciting. 31 East Elm Street has a particularly good presence as it sits back from the road. It is fronted by its own parking lot, and then surrounded by a large municipal parking lot offering shoppers and commuters both long and short-term parking. The feeder roads to East Elm Street in addition to Greenwich Avenue are Mason Street and Milbank Avenue to the east as well as Field Point Road and Benedict Place to the west. All of these named streets have important significance bolstering the strength and viability of the central Greenwich market.

Property Taxes

Property Taxes

Parcel Number
GREE-000001-000000-002038-S000000
Land Assessment
$991,550
Improvements Assessment
$943,180
Total Assessment
$1,934,730
  • Listing ID: 19218341

  • Date on Market: 4/14/2020

  • Last Updated:

  • Address: 31 E Elm St, Greenwich, CT 06830

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