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165-167 Main St, Norwalk, Ct 6,050 SF 100% Leased Retail Building Norwalk, CT 06851 $1,800,000 ($297.52/SF)



Investment Highlights
- 2-buildings/ 5-units / 20 parking spots. Residential, Retail, and Commercial Space.
Executive Summary
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!
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
6,050 SF
Building Class
C
Year Built
1900
Price
$1,800,000
Price Per SF
$297.52
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.41
Lot Size
0.34 AC
Opportunity Zone
Yes
Zoning
CD-3C - CD-3C -Mixed use zone that allows both residential and commercial.
Traffic Mitigation District -Reduced parking requirements for residential units.
Parking
18 Spaces (2.97 Spaces per 1,000 SF Leased)
Frontage
72’ on Main Street
Amenities
- Signage
- Signalized Intersection
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $551,060 | |
| Land Assessment | $793,280 | Total Assessment | $1,344,340 |
Property Taxes
Parcel Numbers
Land Assessment
$793,280
Improvements Assessment
$551,060
Total Assessment
$1,344,340
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