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Darien: Preston's Picks #1

Noroton Heights location convenient to train & shopping.  

Level, approx. 27,500sf lot with good utility.  Approx. 115 ft width and 245 ft depth.  Site characteristics appear conforming within an R-1/2 residential zone.  Public utility connections include water & sewer.  A small brook runs across mid to rear portion of site however no significant adverse impact noted as per development potential. 

Existing improvements comprise a 1950's built, single story, frame construction residence with an approx. 2,200 sf footprint.  Full Basement.  2 - Car Garage.  3 BR / 3 Bth.  HW / Oil heating – Oil Tank located in Basement. 2 FP.

Buyer to assume existing leasehold interest:

  • Lease Termination: June 30th, 2019
  • Rent: $3900/month
  • All utilities are paid by tenant

Highest & Best Use considerations include either a tear down / new build or a major remodeling / “Pop Top” expansion.  The neighborhood supports a wide range of home size (up to 5,000 - 5,500 sf) and values (up to approx. $2.4M).  "As Is" value will range dependent upon project scope and user however market data appears supportive of low 7's - upper 8's. 

Broker Disclosure:

The opportunity / subject property described is presently noted to be OFF MARKET – THE PROPERTY DEPICTED IS NOT LISTED FOR SALE OR RENT BY RNEI.

Information provided is to be used for the sole purpose of evaluating the potential acquisition of the subject property.