We are pleased to offer for sale 112 Main Street in New Canaan, Connecticut for $6,350,000.
112 Main Street is a 12,146± SF (plus 6,206± SF basement) retail/office building ideally located within the heart of New Canaan’s fashionable “Town Center,” surrounded by numerous upscale boutiques and national retailers such as J.Crew, Ralph Lauren and Vineyard Vines and easily accessible to the nearby high demographic towns of Darien, Wilton, Westport and Ridgefield. The Property’s strategic location fronting Main Street (100’±), at its intersection with Elm Street, makes it a prime suburban location for both retail and professional/service offices. The appeal of the Property is further enhanced by having ample on-site tenant parking behind the building, as well as its proximity to the area’s main transportation routes and the New Canaan Metro-North Train Station (0.2± miles).
112 Main Street recently received zoning approval to be renovated and expanded into a mixed-use retail and residential building, with up to five retail spaces fronting on Main Street, and 13 apartments including two affordable units (one two-bedroom and one one-bedroom). The approvals specify that the gross square footage of floors 1-4 will be increased to 31,000± SF, and the renovated gross building area will become 39,000± SF inclusive of the of the newly created garage below. Link to the presentation prepared for New Canaan Planning & Zoning.
112 Main Street is currently 50% occupied by nine tenants with varying short-term leases, which provides the opportunity for it to be delivered unencumbered for an owner-occupant or developer.