588 Main Ave
Norwalk, CT 06851
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 5,732 SF retail strip center is fully occupied by two long-term national tenants, Subway and Mattress Firm.
- Projected 2021 NOI is $158,661 Triple Net.
- Easily accessible from Norwalk and Wilton. Conveniently located half a mile from the Merritt Parkway (Exit 40).
- Subway has annual rent increases & both tenants have renewal rights.
- Excellent visibility on Route 7 and is within close proximity to 2 million square feet of office and medical space.
- Within walking distance to banks, shopping, hotels, medical offices, and restaurants, including Starbucks, Walmart, Panera Bread, and LA Fitness.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Storefront
Building Size
5,732 SF
Building Class
C
Year Built
1967
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.35
Lot Size
0.37 AC
Zoning
B2 - Business Zones No. 2
Parking
14 Spaces (2.44 Spaces per 1,000 SF Leased)
Frontage
123’ on Main Ave
AMENITIES
- Air Conditioning
PROPERTY TAXES
| Parcel Number | NORW-000005-000022C-000016 | Improvements Assessment | $941,550 |
| Land Assessment | $678,150 | Total Assessment | $1,619,700 |
