100 Mason StGreenwich, CT 06830

  • Parking lots & garages
  • 0.17 AC
For Sale
$9,950,000 View listing

Property Details for 100 Mason St

Lot size
0.17 AC
Zone code
CGB
Property type
Parking lots & garages
APN
GREE M:01 B:1875/S
APU
GREEM01B1875S

Description

This exceptional mixed-use property in Greenwich, CT, offers a compelling investment opportunity. Located at 100 Mason Street (also known as 71 Lewis Street), this two-story, 10,005 square foot building sits on a 0.25-acre lot and boasts a desirable CGB zoning designation. The property features approximately 10,000 square feet of net rentable space, currently occupied by a mix of tenants, including a regional bank positioned for a sale-leaseback transaction. Two long-term leases have expired and are now month-to-month, presenting a significant opportunity to increase rental income. The building, constructed in 1972, benefits from its prime location just one block from Greenwich Avenue, a renowned retail destination. Its proximity to I-95 and the Greenwich Train Station further enhances its appeal. The asking price is $9,950,000, translating to $994.50 per square foot. This presents a rare chance to acquire a value-add asset in a premium Greenwich submarket with immediate upside potential due to below-market rents. The property's APN is GREE-000001-000000-001952-S000000. This is a multi-tenant building with a strong anchor tenant. Don't miss this chance to capitalize on this unique investment opportunity in one of Connecticut's most affluent towns.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,799,674
    6.5%
    $1,661,237
    7%
    $1,542,577
  • Comparable approach

    Method
    Valuation
    Relative Method
    $2,438,194
    Geo Method
    $2,438,194
  • Alternative Use

    Use
    Valuation
    Residential
    $1,401,316
    Hospitality
    $1,283,598
    Educational
    $1,067,938
    Medical
    $1,104,666
    Retail
    $1,661,237

Location Insight

City
Greenwich
County
Fairfield
State
Connecticut
Latitude
41.0293
Longitude
-73.6246
CBSA code
14860
CBSA name
BRIDGEPORT-STAMFORD-NORWALK, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$12,351
$1,023,890
$10,850
$1,034,740
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