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93 Cherry, Unit G1, G2, H1, New Canaan, CT 06840

$2,950,000.00
  • 93 Cherry, Unit G1, G2, H1, New Canaan, CT 06840 Main Photo

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New to the Market Active
SQUARE FEET3,200 MLS#24186112
STATUSActive PROPERTY TYPECommercial - Business

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

Property Features

Property Type: Commercial - Business
Cooling: Central Air
Days on Market: 5
Fuel Type: Electric
Heating: Heat Pump
Roof Type: Composition, Flat
Stories: 2.0
Taxes: $5,423
Year Built: 1976

Feature Descriptions

Exterior: Sidewalk, Terrace, Gutters, Lighting
Flooring: Vinyl, Wall-to-Wall Carpet
Lot: Dry, Level Lot
Parking Spaces: 12
Potential Use: Sky's the limit
Present Use: Professional Business
Road Type: State Road, Municipal Street, Paved Road
Sewer: Public Sewer Connected
Units: 4
Utility Features: Electric
Water: Public Water Connected

Listed By / Shown By

Listing By

Agency Name: Century 21 AllPoints Realty
Agent Name: Robert L. Virgulak
Agency Phone: (203) 3270021

Shown By

Agency Title: Lyman Real Estate
Agency Phone: (860) 887-5000

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