Office/Residential Mixed-Use Properties For Sale in Prestigious Central Greenwich

Description:

RM Friedland has been exclusively retained to market 23 and 11 Maple Avenue, two adjacent, mixed-use properties in central Greenwich approved for residential, office, and medical office uses. These properties present an outstanding investment opportunity, benefiting from a highly desirable location and flexible tenancy.

Currently, the buildings are partially leased on a month-to-month basis to one residential tenant, with one medical tenant and a lease ending on April 30, 2025. Additionally, four residential apartments and two office/medical units remain intentionally unleased to facilitate a smooth sale and future lease-up. With the market exhibiting low inventory of available apartments and limited office/medical office space in Greenwich, these properties are ideally positioned for an investor to renovate and capitalize on market-rate rents.

23 & 11 Maple Avenue are two architecturally significant boutique mixed use buildings in central Greenwich, CT. The property consists of two 0.43 and 0.30 acre commercial lots with an iconic 12,241 USF stone, wood framed, three-story office/medical and residential building, including a 2,252 USF basement and a 4,547 USF, wood framed, two-story office/ medical and residential property built in 1984.

• Iconic Greenwich property
• 5 Apartments
• 3 Office/Medical Office Suites
• Low vacancy apartment market
• Low vacancy in office & medical office market
• Opportunity to renovate and increase rents to market

BUILDING LOCATION
The buildings are situated approximately 3 blocks from Greenwich Avenue, 5 minutes from the Greenwich Train Station, 3 minutes from Greenwich Hospital and close to all local amenities in downtown Greenwich. Maple Ave is a main artery that connects to East Putnam Avenue to Greenwich Ave, the Greenwich Train Station and I-95. The properties are walking distance to shopping, banking, restaurants and schools.

PHYSICAL DESCRIPTION
The front entrance is well landscaped and creates an attractive and pleasant first impression. The properties are well maintained. The buildings feature historical and contemporary lines with attractive details. Located in the front and rear of the buildings is a parking lot with 38 private parking spaces.

Documents: