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558 Connecticut Ave 5,215 SF Retail Building Norwalk, CT 06854 $1,549,000 ($297.03/SF)
Investment Highlights
- Route 1 location with 40,000+ cars per day
- Updated apartments
- Commercial space vacant and available for owner occupation. Three apartments fully leased.
Executive Summary
Mixed-use building. Incredible opportunity for small business (owner/user) with apartment rental income or an investor. Commercial unit is vacant available for immediate occupancy. Gross potential income is $111,000 using actual apartment rents and market rent for vacant commercial space estimated at $33.00 SF. Operating expenses are approximately $16,000 for net operating income of $95,000/Yr. Prime US 1 location with over 40,000 cars per day. Area tenants and businesses within 1,000 SF include: Home Depot, Burger King, Home Good, Kohls and Raymour Flanigan. Commercial space vacant and available for owner occupation
Taxes & Operating Expenses (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
-
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-
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| Operating Expenses |
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| Total Expenses |
$99,999
|
$9.99
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Taxes & Operating Expenses (Actual - 2024) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
5,215 SF
Building Class
B
Year Built
1985
Price
$1,549,000
Price Per SF
$297.03
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.92
Lot Size
0.13 AC
Zoning
CD-3C - High-density commercial up to four-stories. Permit mixed-use
Parking
10 Spaces (1.92 Spaces per 1,000 SF Leased)
Frontage
103’ on Connecticut Ave
Amenities
- Bus Line
Nearby Major Retailers
Property Taxes
| Parcel Number | NORW-000005-000067-000010 | Improvements Assessment | $560,620 (2025) |
| Land Assessment | $236,860 (2025) | Total Assessment | $797,480 (2025) |
Property Taxes
Parcel Number
NORW-000005-000067-000010
Land Assessment
$236,860 (2025)
Improvements Assessment
$560,620 (2025)
Total Assessment
$797,480 (2025)
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558 Connecticut Ave
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