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93 Cherry St 3,415 SF 100% Leased Office Building New Canaan, CT 06840 $2,950,000 ($863.84/SF)



Investment Highlights
- Prime downtown New Canaan location with exceptional walkability and visibility.
- Stable in-place tenancy providing immediate cash flow and investment stability.
- Ideal for investors, medical practices, professional offices, law firms, financial services, or owner-users seeking to occupy all or part of the build
- 12 private off-street parking spaces, plus convenient non-metered street parking—a rare and valuable amenity in the downtown core.
- Potential for future expansion, redevelopment, or adaptive reuse, subject to municipal approvals.
- Minimal anticipated near-term capital expenditures due to the property's excellent condition.
Executive Summary
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.
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.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
3,415 SF
Building Class
C
Year Built
1976
Price
$2,950,000
Price Per SF
$863.84
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,541 SF
Building FAR
0.52
Lot Size
0.15 AC
Zoning
Business A - This building is in the Business A Zone. There is a wide variety of uses allowed including Medical.
Conversion to residential apartments is allowed
Parking
12 Spaces (3.89 Spaces per 1,000 SF Leased)
Amenities
- Air Conditioning
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Fairly walkable
50/100
Moderately drivable
70/100
Good public transit
60/100
Fairly bikeable
40/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $763,840 | |
| Land Assessment | $0 | Total Assessment | $763,840 |
Property Taxes
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$763,840
Total Assessment
$763,840
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Contact the Sale Advisor
93 Cherry St
