Commercial Building on Elm Street Sells for $2 Million 

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39 Elm St. in New Canaan. Credit: Michael Dinan

A vacant single-story commercial building on Elm Street has sold for $2 million, according to a property transfer recorded Wednesday in the Town Clerk’s office.

The 1920-built structure at 39 Elm St. had been the home of Family Britches for some 40 years until last April, when the high-end clothing shop moved around the corner on Main Street.

It isn’t clear what’s planned for the building, which includes a 3,292-square-foot first floor and 2,516-square-foot finished basement.

The new owners are three limited liability companies. Two of them are based in New York and were registered as business entities last October, Randolph DF LLC and Randolph GN LLC, according to records on file with the New York Secretary of the State.

The third owner is 39 Elm Street Associates LLC, which registered April 24 with the Connecticut Secretary of the State and whose principal is a Stamford man, records show.

The property includes .08 acres was appraised at about $2.1 million in the last revaluation. 

The prior owners had purchased it for $180,000 in 1976, tax records show.

The building has a rich local history. It was “Doyle’s Tavern” in the 1930s and then became the famed “Pierre’s” aka “Izzy’s Place” in the mid-1940s.

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