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189 East Ave 2,116 SF Retail Building Norwalk, CT 06855 $999,000 ($472.12/SF)
INVESTMENT HIGHLIGHTS
- Location 200 yards from interchange 16 to Interstate 95.
- Market rent for second floor apartment is approximately $2,900/Mth
- Renovated in 2000. Custom salon fit-out with multiple stations for hair and skin.
EXECUTIVE SUMMARY
Incredible opportunity to operate a working salon or utilize for other professional/retail use in highly desirable East Norwalk, 200 yards from exit 16 and walking distance to train station, restaurants. One mile from beaches and SONO. Current salon has multiple stations for both hair and skin care. Salon is part of a mixed-use property that contains a charming two-bedroom apartment at second level. Also works as investment with NOI after all operating expenses of $55,000 based on income projection. The building was completely renovated in 2000.
TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Owner User
Property Type
Retail
Property Subtype
Building Size
2,116 SF
Building Class
C
Year Built/Renovated
1920/1996
Price
$999,000
Price Per SF
$472.12
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.44
Lot Size
0.11 AC
Zoning
O-EAVD - East Avenue Village District with a Transit Oriented District Overlay allows, retail, medical office and restaurants as well as high density apt.
Frontage
50’ on East Avenue
AMENITIES
- Corner Lot
- Fenced Lot
- Security System
Walk Score®
Very Walkable (70)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | NORW-000003-000013-000050 | Total Assessment | $362,600 |
| Land Assessment | $128,300 | Annual Taxes | ($2,116) (($1.00)/SF) |
| Improvements Assessment | $234,300 | Tax Year | 2025 Payable 2025 |
PROPERTY TAXES
Parcel Number
NORW-000003-000013-000050
Land Assessment
$128,300
Improvements Assessment
$234,300
Total Assessment
$362,600
Annual Taxes
($2,116) (($1.00)/SF)
Tax Year
2025 Payable 2025
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