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542 West Ave 5,775 SF 41% Leased Retail Building Norwalk, CT 06850 $1,950,000 ($337.66/SF)
EXECUTIVE SUMMARY
3-store corner retail property in an area replete with new upscale multifamily rental properties. Great visibility. Signalized intersection. 3,500 SF vacant for owner-occupant or new tenant. Liquor store and barber shop leased. For the investor the proforma cap rate would be 7.5% after lease up at $22/SF NNN. Clean phase LI and II. Newer roof, solid construction. Come tour and make an offer!
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
5,775 SF
Building Class
C
Year Built
1940
Price
$1,950,000
Price Per SF
$337.66
Percent Leased
41%
Tenancy
Multiple
Building Height
1 Story
Building FAR
1.00
Lot Size
0.13 AC
Opportunity Zone
Yes
Zoning
CBDB - General business district, typical retail applications
Frontage
78’ on West Ave
AMENITIES
- Corner Lot
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
Long time dry cleaners now retired. Space in shell condition. Great visibility. Good price. Property also for sale. Includes barber and liquor store adjacent.
| Space | Size | Space Use | Position | Available |
| 1st Floor | 3,400 SF | Retail | - | Now |
1st Floor
| Size |
| 3,400 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
1 of 5
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1st Floor
| Size | 3,400 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
Long time dry cleaners now retired. Space in shell condition. Great visibility. Good price. Property also for sale. Includes barber and liquor store adjacent.
Walk Score®
Walker's Paradise (90)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | NORW-000001-000020-000039 | Improvements Assessment | $291,130 |
| Land Assessment | $243,920 | Total Assessment | $535,050 |
PROPERTY TAXES
Parcel Number
NORW-000001-000020-000039
Land Assessment
$243,920
Improvements Assessment
$291,130
Total Assessment
$535,050
1 of 7
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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542 West Ave
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