122 S Main St 5 Unit Apartment Building $2,000,000 ($400,000/Unit) 4.90% Cap Rate Norwalk, CT 06854

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.