40 Osborne Ave - Warehouse FOR SALE


Norwalk, CT 06855- East Norwalk
$1,950,000 USD
203-810-4031
40 Osborne Ave, Norwalk, CT for Sale
$1,950,000 USD
Warehouse - FOR SALE
1/8
null | 7.08% Cap Rate

40 Osborne Ave
Norwalk, CT 06855
East Norwalk


HIGHLIGHTS

  • Fully-leased mixed-use property in industrial zone
  • 3,600sf industrial space including 3,000sf shop area with 15.5’ ceilings on 1st floor
  • 1,560sf 3-bedroom residential apartment on the 2nd floor
  • 0.3 acres with 12 parking spaces
  • 0.5 miles from I-95 and 0.25 miles to the East Norwalk Train Station

OVERVIEW

Fully-leased mixed-use property with immediate proximity to train station and highway. Located in a flourishing industrial zone with increasing nearby residential density = Investment No Brainer! The ground floor has 3,600sf under a new 10-year lease to Palmer’s Electric, including an approximately 3,000sf shop area with 15.5’ ceilings. The second floor is a recently renovated three-bedroom apartment that has been leased to the same tenant for three years. The property consists of 0.3 acres with 12 parking spaces, and is 0.5 miles to I-95 and 0.25 miles to the East Norwalk Train Station. Exclusive agent: Scott Peterson, Choyce Peterson, Inc. 203-810-4031

FOR SALE DETAILS

PRICE

$1,950,000 USD

PRICE/SF

$378 USD /SF

CAP RATE

7.08%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Distribution, Service, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.3

LAND SF

13,068

ZONING

I1

APN/PARCEL ID

NORW-000003-000033-000033

ASK ABOUT THIS PROPERTY

Scott PetersonChoyce Peterson, Inc.More Info
203-810-4031

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Scott PetersonChoyce Peterson, Inc.More Info
203-810-4031

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