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$ 2,950,000
Est. payment | /mo
1 Bath
3,200 SqFt
$ 2,950,000
Est. payment | /mo
1 Bath
3,200 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 3,200 sqft
Price per Sqft $921
MLS Listing ID 24186112
Half Baths 1
Year Built 1976
Annual Tax Amount $5,513
Property Description
Rare investment & owner-user opportunity on the market in the heart of downtown New Canaan. 93 Cherry St. is an approx. 3,200sqft commercial property strategically positioned in one of Fairfield County's most desirable & supply-constrained markets. Well-maintained asset brings immediate income, long-term flexibility & exceptional value for investors, professional users & developers seeking a premier downtown location. Property Highlights*Prime downtown New Canaan location w/exceptional walkability & visibility*Private 12-space paved off-street parking lot & w/non-metered on-street parking-a significant competitive advantage in the downtown core*Strong in-place leases providing immediate cash flow & investment stability*Flexible Business A (BUSA) zoning*Potential for expansion or adaptive reuse, subject to zoning approvals & investor research diligence*Well-maintained office space w/minimal anticipated near-term capital expenditures*Attractive opportunity for investors, medical users, professional office occupants & mixed-use developers*Recent commercial sales in the surrounding area continue to demonstrate strong demand for boutique assets in downtown New Canaan, particularly properties that combine private parking, stable tenancy & future redevelopment potential. Historically limited inventory & significant barriers to entry, 93 Cherry St presents a compelling opportunity to acquire a high-quality commercial asset in one of Connecticut's most sought-after downtown markets
Location
State CT
County Fairfield
Zoning 700
Interior
Heating Heat Pump
Cooling Central Air
Flooring Vinyl, Wall-to-Wall Carpet
Exterior
Exterior Feature Sidewalk, Terrace, Gutters, Lighting
Parking Features Paved, Parking Lot, Off Street Parking
Utilities Available Electric
Roof Type Composition,Flat
Building
Lot Description Dry, Level Lot
Story 2
Foundation Concrete
Sewer Public Sewer Connected
Water Public Water Connected
Others
Virtual Tour https://tour.realtyplans.com/sites/93-cherry-st-new-canaan-ct-06840-27009500/branded
Listed by Bob Jr Virgulak • Century 21 AllPoints Realty
Nearby Locations
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Ilka Torres
Broker License ID: REB.0794005