112-114 Riverside Avenue, Greenwich, CT 06878 - Photo 1

1/1

$3,000,000

Sold
Closed
Commercial

1/1

Property Description

Introducing a once-in-a-lifetime opportunity! Nestled in the heart of Riverside, CT, seconds away from the Riverside Train Station, Ada's is the only retail commercial property south of the Post Road. With a storied past dating back to 1900, this restored landmark building is a cherished gathering place for locals & visitors alike. Its walkable location benefits neighborhood patrons, while those needing the convenience of a quick car ride can find ample onsite & free street parking. Included in the offering are the rights to the 73-year-old tradename ''Ada's'', and a pre-existing, generational customer base. Also included is a fully built-out commercial kitchen. The sale encompasses Ada's & the adjacent 3,100 SF multi-family home with 2 residential apartments and updated mechanicals. Together they sit on an oversized, ? acre lot. So, whether you are an investor looking for a unique addition to your portfolio, or an entrepreneur with a vision to create something extraordinary, do not miss your chance to own one of the last icons of Greenwich and shape the destiny of this remarkable property.

Full Property Details

Full Property Details for 112-114 Riverside Ave

General

Sold For: $3,000,000
Taxes: (July 2023-June 2024)
Status: Closed
Type: Commercial
Source: SMARTMLS
MLS ID: 170614291
Added to Site: 810 day(s) ago

Interior

Interior Features: Fire Suppression System, Security System

Rooms

Bathrooms

Total Bathrooms: 5
Full Bathrooms: 4
Half Bathrooms: 1

Exterior

Exterior Features: Door Sign, Gutters, Lighting, Sidewalk, Underground Utilities

Parking

Parking: Paved, Off Street Parking, Assigned Parking

Location

County: Fairfield
Neighborhood: Riverside
Driving Directions: East Putnam Avenue (aka US1) to Riverside Avenue

Community

Community Name: Riverside

Heating & Cooling

Cooling Type: Central Air
Heating Type: Baseboard, Hot Air, Hot Water, Hydro Air, Natural Gas
Heating Fuel: Natural Gas

Utilities

Sewer: Public Sewer Connected
Water: Public Water Connected
Utility Description: Electric, Gas, Telephone, Cable

Structural Information

Construction Status: No/Resale
Roof: Asphalt Shingle
Square Feet: 4,223
Sq. Ft. Source: Owner
Living Area: 3,085 Sq. Ft.
Current Bldg. Use: Mixed-Use
Retail: 1,138 Sq. Ft.
Year Built: 1900

Unit Information

Unit 1

Unit Description: Retail
Square Feet: 1138
Total Bathrooms: 1
Partial Bathrooms: 1

Unit 2

Unit Description: 3 Bedrooms
Square Feet: 1311
Total Bathrooms: 2

Unit 3

Unit Description: 2 Bedrooms
Square Feet: 1774
Total Bathrooms: 2

Lot Features

Lot Size (Acres): 0.47
Frontage: Municipal Street, Paved Road
Present Use: Mixed-Use
Zoning: R-12
Lot Description: Dry, Cleared, Corner Lot, Level Lot

Financial Considerations

Assessment Amount: $1,470,000
Tax Year: July 2023-June 2024

Disclosures and Reports

Documents Avail.: Brochure, Lead Disclosure, Plot Plan/Survey
Property ID: 1851016

Listed by Sotheby's International Realty, Cheryl Makrinos
Sold by Unrepresented Buyer, Unrepresent Buyer

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Listing agent

— 112-114 Riverside Ave —

Cheryl Makrinos

Sotheby's International Realty

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Schools

Schools serving 112-114 Riverside Ave

School District:Greenwich School District

Name	Grades	Distance
Riverside School, Greenwich, CT 90 Hendrie Ave., Greenwich, CT 06878	K-5	0.4 mi
Eastern Middle School 51 Hendrie Ave., Greenwich, CT 06878	6-8	0.3 mi
Greenwich High School 10 Hillside Road, Greenwich, CT 06830	9-12	1.4 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 112-114 Riverside Ave

Date

Details

Price

Change

Source

3/12/2024

Sold

$3,000,000

-7.69%

MLS

12/08/2023

Listed

$3,250,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Bed
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Total Bath
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Beds
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4
Beds
3
Total Baths
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Sq. Ft.

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Beds
4
Total Baths
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Beds
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4
Beds
4
Total Baths
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Sq. Ft.

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Single Family
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Beds
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Total Baths
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112-114 Riverside Avenue, Greenwich, CT 06878 (MLS# 170614291) is a Commercial property that was sold at $3,000,000 on March 12, 2024. Want to learn more about 112-114 Riverside Avenue? Do you have questions about finding other Commercial real estate for sale in Riverside? You can browse all Riverside real estate or contact a Coldwell Banker agent to request more information.

112-114 Riverside Ave Greenwich, CT 06878