165-167 Main St, Norwalk, Ct - Storefront Retail/Residential FOR SALE


Norwalk, CT 06851- Downtown Norwalk
$1,800,000 USD
203-918-1262
165-167 Main St, Norwalk, Ct, Norwalk, CT for Sale
$1,800,000 USD
Storefront Retail/Residential - FOR SALE
1/34
null | Request Cap Rate

165-167 Main St, Norwalk, Ct
Norwalk, CT 06851
Downtown Norwalk


HIGHLIGHTS

  • 2-buildings/ 5-units / 20 parking spots. Residential, Retail, and Commercial Space.

OVERVIEW

A rare, high-impact investment opportunity in the heart of Norwalk offering immediate income, exceptional visibility and outstanding value-add potential. Well maintained, 165–167 Main Street features 1 Commercial and 1 mixed-use building on a prominent corner along one of Norwalk’s heavily traveled commercial corridors, with 14,000+ vehicles per day and easy access to Route 7. Commercial tenants include Taste of Brazil and Minuteman Press, with Minuteman Press occupying two separate commercial spaces with split utilities, providing flexibility for up to three commercial businesses. Two residential apartments are located above Taste of Brazil. Major future upside: conceptual plans have been created for 8 additional apartments above the Minuteman Press building. 20 rear parking spaces with asphalt replaced just 4 years ago. Roof apx 8–10 years old, furnace apx 8 years old, and exterior and gutters completed apx 3 years ago. The corner parcel and parking area may offer further expansion possibilities, subject to approvals. A compelling combination of existing income, multiple revenue streams and significant development potential. A must-see investment opportunity! PLEASE confirm appointment with Joe Gallo before walking property. 203-984-4875.

FOR SALE DETAILS

PRICE

$1,800,000 USD

PRICE/SF

$298 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

undefined, Restaurant, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,854 SF

ZONING

CD-3C

APN/PARCEL ID

NORW-000001-000087-000007

ASK ABOUT THIS PROPERTY

Michael TrombaKeller Williams RealtyMore Info
203-918-1262

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Michael TrombaKeller Williams RealtyMore Info
203-918-1262

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