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594 Main Ave 5,000 SF Retail Building Norwalk, CT 06851 $2,695,000 ($539/SF) 6.68% Cap Rate
EXECUTIVE SUMMARY
Prime corner retail at the signalized intersection of Main Avenue and West Rocks Road available for immediate occupancy. Incredible opportunity. Potential uses are: Restaurant, bank/financial institution, general retail and medical office.
PROPERTY FACTS Under Contract
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
5,000 SF
Building Class
B
Year Built
1998
Price
$2,695,000
Price Per SF
$539
Cap Rate
6.68%
NOI
$180,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Lot Size
0.48 AC
Zoning
CD-3C - General Urban - Corridor Community District. See attachment for detailed regulations. Permits up to four-story building height.
Parking
15 Spaces (3 Spaces per 1,000 SF Leased)
Frontage
57’ on Main Ave
AMENITIES
- Property Manager on Site
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | NORW-000005-000022C-000017 | Improvements Assessment | $1,215,350 |
| Land Assessment | $814,650 | Total Assessment | $2,030,000 |
PROPERTY TAXES
Parcel Number
NORW-000005-000022C-000017
Land Assessment
$814,650
Improvements Assessment
$1,215,350
Total Assessment
$2,030,000
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594 Main Ave
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