93 Cherry StNew Canaan, CT 06840
- Office properties
- 715 SF
Property Details for 93 Cherry St
- Year built
- 1976
- Property size (Sq ft)
- 715 SF
- Zone code
- 700
- Property type
- Office properties
- Property subtype
- Other office properties
- APN
- NCAN M:000T B:076 L:658 U:G1
- APU
- NCANM000TB076L658UG1
Description
This exceptional 750-square-foot office condo is located at 93 Cherry Street in New Canaan, Connecticut, zip code 06840. Situated on the first floor of a highly visible building, this space enjoys exposure to approximately 8,000 vehicles daily, thanks to excellent signage opportunities. The property is ideally suited for either retail or office use, offering a single-tenant occupancy. The unit boasts a private bathroom and entrance, providing a high degree of privacy and convenience. Climate control is ensured by a dedicated HVAC system and individual thermostat. Large windows flood the space with natural light, creating a bright and welcoming atmosphere. This prime location offers excellent proximity to the heart of New Canaan's town center and bustling business district. The building also houses a well-established real estate firm on the second floor. This is the last available space in the building, making it a truly unique opportunity. The property is classified as a traditional office space and is a single-tenant occupancy.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $118,211
- 6.5%
- $109,118
- 7%
- $101,324
-
Comparable approach
- Method
- Valuation
- Relative Method
- $93,422
- Geo Method
- $93,422
-
Alternative Use
- Use
- Valuation
- Residential
- $135,306
- Hospitality
- $123,940
- Educational
- $103,116
- Medical
- $106,663
- Retail
- $160,403
Location Insight
- City
- New Canaan
- County
- Fairfield
- State
- Connecticut
- Latitude
- 41.1462
- Longitude
- -73.4911
- CBSA code
- 14860
- CBSA name
- BRIDGEPORT-STAMFORD-NORWALK, CT METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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