For Sale
$1,469,000

18 Beech St Greenwich, CT 06830

Prime Greenwich location, high ROI potential.

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional value-add investment opportunity presents a unique 4,965 square foot flex space property in Greenwich, Connecticut, situated on a 0.27-acre lot at 18 Beech St, 06830. The property, built in 1900, comprises three buildings with two stories and boasts a desirable LBR2 zoning, allowing for potential mixed-use applications. Currently operating at 100% occupancy, the property generates a strong pro-forma net operating income (NOI) of $102,836, translating to a 7.00% pro-forma capitalization rate. The asking price is $1,469,000, representing a price per square foot of $295.87. The versatile space includes approximately 4,965 square feet of industrial area, 1,090 square feet of office space, and 1,568 square feet of garage space. Its strategic location offers superb accessibility, being seconds from I-95 and conveniently located near the border of Westchester County. Low Greenwich taxes and strong market potential further enhance the investment appeal. This property is ideal for an owner-user seeking a blend of industrial, office, and storage space. The existing tenant occupies nearly 4,000 square feet, with an additional 1,000 square feet of pristine office space on the upper level and 1,000 square feet of basement space. Two detached garages complete this unique offering.

Highlights

  • $1,469,000 asking price for this 4,965 square foot flex space in Greenwich, CT.
  • 7% pro-forma cap rate with a $10,490 monthly income, based on a $102,836 pro-forma NOI.
  • LBR2 zoning permits mixed-use development possibilities.
  • The property includes 4,965 SF of industrial space, 1,090 SF of office space, and 1,568 SF of garage space across three buildings.
  • Located in Greenwich, CT (06830), on a 0.27-acre lot, seconds from I-95.
  • 100% occupancy.

Property Details for 18 Beech St

Property type
Office properties, Mixed-use properties
Square Feet
4,965 SF
Year Built
1900
Buildings
3
Stories
2
Lot Size (sq. ft)
11,761 SF

Location Insight

City
Greenwich
County
Fairfield
State
Connecticut
Latitude
41.003280582734
Longitude
-73.655179585492

FAQs

What type of property is this?
Office property - Prime Greenwich location, high ROI potential.
Where is the office property located?
The property is located at 18 Beech St Greenwich, CT.
What is the asking price?
The asking price for this property is $1,469,000.
What are key features of this property?
This property features: $1,469,000 asking price for this 4,965 square foot flex space in Greenwich, CT.; 7% pro-forma cap rate with a $10,490 monthly income, based on a $102,836 pro-forma NOI.; LBR2 zoning permits mixed-use development possibilities.
How can I contact the broker?
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18 Beech St
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