383 Greenwich Ave Greenwich, CT 06830

This exceptional redevelopment opportunity presents a unique chance to acquire a prominent 7,347 square foot storefront located at 383 Greenwich Avenue in Greenwich, Connecticut, 06830. Currently operating as the St. Moritz Bakery, a landmark establishment for over 80 years, the property offers significant potential for a modern, high-impact development. The existing structure requires demolition, aligning perfectly with the ongoing revitalization efforts along this section of Greenwich Avenue. The property is zoned CGBR and comprises two buildings across three stories, with a total of seven units. The asking price is $5,900,000, translating to $803.05 per square foot. Currently boasting 100% occupancy, this investment presents a compelling proposition. Furthermore, an adjacent property on Mason Street, also available for purchase, expands the potential development footprint to approximately 8,200 square feet. This adjacent lot offers the possibility of utilizing Mason Street for convenient upper-floor access and parking, adding significant value and functionality to the overall project. The current lot size is 2,975 square feet. This is a rare chance to create a landmark property in a thriving Greenwich location.