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19-21 N Water St 3,288 SF Office/Retail Condo Unit Offered at $1,300,000 in Norwalk, CT 06854

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INVESTMENT HIGHLIGHTS

Long glass front
Walkable to 1000's of residents
2004 construction so not much to go wrong here. No roof to worry about, office condo above.

High Ceilings
Attractive cap rate.
Association takes care of cleaning windows and side walks (tenant pays)

EXECUTIVE SUMMARY

Spectacular space on busy North Water Street. Many, many residential units in the immediate area. Maritime Aquarium across the street. Currently fit out as a restaurant but could be any retail or professional office. Floor to ceiling windows along entire front.

PROPERTY FACTS

Total Building Size	6,576 SF	Typical Floor Size	3,288 SF
Property Type	Retail (Condo)	Year Built	2004
Property Subtype	Storefront Retail/Office Office Medical	Lot Size	0.23 AC
Building Class	B	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Floors	2
Zoning	RPDD - Retail/Office

Total Building Size	6,576 SF
Property Type	Retail (Condo)
Property Subtype	Storefront Retail/Office Office Medical
Building Class	B
Floors	2
Typical Floor Size	3,288 SF
Year Built	2004
Lot Size	0.23 AC
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	RPDD - Retail/Office

1 UNIT AVAILABLE

Unit 1

Unit Size	3,288 SF	Sale Type	Investment or Owner User
Price	$1,300,000	Cap Rate	7.29%
Price Per SF	$395.38	NOI	$94,800
Condo Use	Office/Retail

Unit Size	3,288 SF
Price	$1,300,000
Price Per SF	$395.38
Condo Use	Office/Retail
Sale Type	Investment or Owner User
Cap Rate	7.29%
NOI	$94,800

DESCRIPTION

Spectacular space on busy North Water Street. New 5 year lease with options. Many, many residential units in the immediate area. Maritime Aquarium across the street. Restaurant lease. Great location, solid operator.