Vacant-User
Downtown Bethel Redevelopment & Adaptive Reuse Opportunity with Short-Term Income in Place
269 Greenwood Ave, Bethel, CT 06801
Listing Price: $1,300,000
Investment Overview
Marcus & Millichap is pleased to present 269 Greenwood Avenue, Bethel, Connecticut, a rare downtown Fairfield County redevelopment and adaptive reuse opportunity featuring approximately 9,830 SF of existing improvements on 0.76 acres with income in place through April 2028.
Located in the heart of Bethel's commercial district, the property benefits from recent capital improvements, including a new roof coating system and multiple HVAC replacements, while offering significant long-term repositioning potential. The site's Commercial zoning, downtown location, and proximity to transit, retail, and residential uses create multiple future use scenarios, including mixed-use, multifamily, retail, medical, office, entertainment, or owner-user redevelopment, subject to municipal approvals.
The existing lease provides interim income and mitigates near-term carrying costs, allowing a future owner time to evaluate entitlement, redevelopment, adaptive reuse, or repositioning strategies. Situated within highly desirable Fairfield County, the property is well positioned to benefit from continued housing demand, adaptive reuse initiatives, and redevelopment activity throughout Connecticut.
269 Greenwood Avenue offers investors and developers a unique combination of current income, future flexibility, and long-term redevelopment upside in one of Connecticut's most sought-after markets.
Downtown Bethel Redevelopment & Adaptive Reuse Opportunity with Short-Term Income in Place
Investment Highlights
- Rare Downtown Bethel Infill Redevelopment Opportunity | Adaptive Reuse Candidate with Significant Recent Capital Improvements
- Existing Income Stream Through April 2028 Minimizes Near-Term Carry Costs
- Commercial Zoning with Potential Mixed-Use and Residential Redevelopment Opportunities | Positioned Within a Strong Fairfield County Housing Market
- Potential Opportunity to Leverage Connecticut Housing and Redevelopment Initiatives | Existing Building May Support Conversion, Repositioning or Future Redevelopment
- Highly Flexible Exit Strategies: Hold, Redevelop, Reposition or Owner-Occupy
- Ideal for Developers Seeking Entitlement and Planning Time While Collecting Rent | Mixed-Use, Multifamily & Commercial Redevelopment Potential
- Rare Combination of Income, Flexibility and Long-Term Redevelopment Potential
- ±9,830 SF Building on ±0.76 Acres | Income in Place Through April 2028 | Recent Roof & HVAC Improvements Minimizing Near-Term Capital Needs
Exclusively Listed By
Vacant-User
Downtown Bethel Redevelopment & Adaptive Reuse Opportunity with Short-Term Income in Place
Listing Price: $1,300,000
Investment Highlights
- Rare Downtown Bethel Infill Redevelopment Opportunity | Adaptive Reuse Candidate with Significant Recent Capital Improvements
- Existing Income Stream Through April 2028 Minimizes Near-Term Carry Costs
- Commercial Zoning with Potential Mixed-Use and Residential Redevelopment Opportunities | Positioned Within a Strong Fairfield County Housing Market
- Potential Opportunity to Leverage Connecticut Housing and Redevelopment Initiatives | Existing Building May Support Conversion, Repositioning or Future Redevelopment
- Highly Flexible Exit Strategies: Hold, Redevelop, Reposition or Owner-Occupy
- Ideal for Developers Seeking Entitlement and Planning Time While Collecting Rent | Mixed-Use, Multifamily & Commercial Redevelopment Potential
- Rare Combination of Income, Flexibility and Long-Term Redevelopment Potential
- ±9,830 SF Building on ±0.76 Acres | Income in Place Through April 2028 | Recent Roof & HVAC Improvements Minimizing Near-Term Capital Needs
Investment Overview
Marcus & Millichap is pleased to present 269 Greenwood Avenue, Bethel, Connecticut, a rare downtown Fairfield County redevelopment and adaptive reuse opportunity featuring approximately 9,830 SF of existing improvements on 0.76 acres with income in place through April 2028. Located in the heart of Bethel's commercial district, the property benefits from recent capital improvements, including a new roof coating system and multiple HVAC replacements, while offering significant long-term repositioning potential. The site's Commercial zoning, downtown location, and proximity to transit, retail, and residential uses create multiple future use scenarios, including mixed-use, multifamily, retail, medical, office, entertainment, or owner-user redevelopment, subject to municipal approvals. The existing lease provides interim income and mitigates near-term carrying costs, allowing a future owner time to evaluate entitlement, redevelopment, adaptive reuse, or repositioning strategies. Situated within highly desirable Fairfield County, the property is well positioned to benefit from continued housing demand, adaptive reuse initiatives, and redevelopment activity throughout Connecticut. 269 Greenwood Avenue offers investors and developers a unique combination of current income, future flexibility, and long-term redevelopment upside in one of Connecticut's most sought-after markets.
Exclusively Listed By
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