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9 Mott Ave - Union Park Professional Bldg 1,250 SF Office Condo Unit Offered at $175,000 in Norwalk, CT 06850
Property Facts
| Total Building Size | 40,000 SF | Year Built | 1968 |
| Property Type | Office (Condo) | Lot Size | 0.89 AC |
| Building Class | B | Parking Ratio | 2.48/1,000 SF |
| Floors | 4 | Opportunity Zone |
Yes
|
| Typical Floor Size | 3,000 SF | ||
| Zoning | Central Business | ||
| Total Building Size | 40,000 SF |
| Property Type | Office (Condo) |
| Building Class | B |
| Floors | 4 |
| Typical Floor Size | 3,000 SF |
| Year Built | 1968 |
| Lot Size | 0.89 AC |
| Parking Ratio | 2.48/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | Central Business |
Amenities
- Bus Line
- Air Conditioning
1 Unit Available
Unit 207
| Unit Size | 1,250 SF | Sale Type | Investment |
| Price | $175,000 | Cap Rate | 9.14% |
| Price Per SF | $140.00 | NOI | $16,000 |
| Condo Use | Office |
| Unit Size | 1,250 SF |
| Price | $175,000 |
| Price Per SF | $140.00 |
| Condo Use | Office |
| Sale Type | Investment |
| Cap Rate | 9.14% |
| NOI | $16,000 |
Description
5 individual offices, Lobby & conference room.
2 bathrooms and 2 entrances. Possible to sublet 1 large office with a bathroom and separate entrance or use the single office and sublet the 4 offices with conference room.
Sale Notes
Union Park Professional Condominium Association is a 39 unit commercial condo building in convenient location. Easy access from the highway. Walk to Wall Street, Library, Post Office and more. Association owns 3 separate parking areas.
This portfolio includes 5 fully leased Office Condos.
$175,000 for each unit. Seller willing to provide financing.
Units included: 104, 105, 203, 207, 307.
Units have undergone renovations and upgrades.
Some leases shorter than others which would allow for owner occupancy.
Agent has ownership stake.
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9 Mott Ave - Union Park Professional Bldg
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