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18-20 Greenwich Ave

4,248 SF 100% Leased Retail Building Greenwich, CT 06830 $2,950,000 ($694/SF) 5.89% Cap Rate

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Investment Highlights

Trophy Location
Value-Add Potential

Downtown Greenwich
Superior Demographics

Executive Summary

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the mixed-use investment property located at 18-20 Greenwich Avenue in Greenwich, Connecticut (the “Property”). The Property contains two retail units and four residential units in a three-story brick building located on the upper half of prestigious Greenwich Avenue, the premier, luxury roadway in the affluent town of Greenwich. 18-20 Greenwich Avenue is a 4,248 square foot mixed-use building featuring two street-level retail spaces and four luxury apartments on the upper two floors. The retail space is occupied by MyEyeDr. and Gas Bijoux. MyEyeDr. is new to the building, taking over the former Optical Options location, and has 3 years remaining on their lease. Gas Bijoux, a world renowned French haute-fantaisie jewelry house has just under 5 years remaining on their lease. The MyEyeDr. and Gas Bijoux leases feature attractive annual increases in rent. The upper floors are comprised of four (4) 1-Bedroom/1-Bathroom apartments.