122 S Main St - Apartments FOR SALE


Norwalk, CT 06854- SoNo
$2,000,000 USD
203-943-8774
122 S Main St, Norwalk, CT for Sale
$2,000,000 USD
Apartments - FOR SALE
1/10
null | 4.9% Cap Rate

122 S Main St
Norwalk, CT 06854
SoNo


OVERVIEW

Exceptional investment opportunity offering flexible residential and commercial potential in highly developing South Norwalk, CT. Located in the SD-LI (Special Development - Light Industrial) District, this property supports a wide range of permitted uses including light manufacturing, contractor operations, warehousing, distribution, research and development, automotive-related services, flex space, and other commercial or mixed-use possibilities (subject to local approvals). Positioned on a generous 0.37-acre parcel with direct access from South Main Street, the property benefits from strong visibility, easy accessibility, and high functional utility-ideal for owner-users, developers, or investors seeking income-producing or redevelopment potential. The lot is level, dry, and not located in a flood zone, significantly reducing development risk and insurance costs while enhancing long-term value. With its prime location in rapidly growing South Norwalk, flexible zoning, and solid site characteristics, this property presents a rare opportunity to capitalize on increasing demand and unlock multiple value-add scenarios. All inspections will be for informational purposes ONLY, "subject to" inspections offers will not be considered, buyer will accept in "as-is" condition. Buyers to do their due diligence and check with planning and zoning for potential use of property. Buyers will accept tenants in place.

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$439 USD /SF

# OF UNITS

5

PRICE/UNIT

$400,000

CAP RATE

4.9%

% LEASED

70%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.37 AC

LAND SF

16,117 SF

ZONING

I1

APN/PARCEL ID

NORW-000002-000079-000004

ASK ABOUT THIS PROPERTY

Elliott MoraleseXp RealtyMore Info
203-943-8774

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Elliott MoraleseXp RealtyMore Info
203-943-8774

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.