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9 Mott Ave - Union Park Professional Bldg 850 - 1,250 SF Office Condo Units Offered at $150,000 - $175,000 Per Unit in Norwalk, CT 06850
2 Units Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment or Owner User | Cap Rate | 8.00% |
| Sale Type | Investment or Owner User |
| Cap Rate | 8.00% |
Description
Recently vacant & freshened up. Ready to occupy.
3 offices and large reception/lobby, and private bath.
Seller financing considered with large down payment.
3 offices and large reception/lobby, and private bath.
Seller financing considered with large down payment.
| Sale Type | Investment | Cap Rate | 9.14% |
| Sale Type | Investment |
| Cap Rate | 9.14% |
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.
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.
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.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 203 | 850 SF | Office | $150,000 ($176.47/SF) | $12,000 |
| Unit 207 | 1,250 SF | Office | $175,000 ($140.00/SF) | $16,000 |
Unit 203
| Unit Size |
| 850 SF |
| Condo Use |
| Office |
| Price |
| $150,000 ($176.47/SF) |
| NOI |
| $12,000 |
Unit 207
| Unit Size |
| 1,250 SF |
| Condo Use |
| Office |
| Price |
| $175,000 ($140.00/SF) |
| NOI |
| $16,000 |
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Unit 203
| Unit Size | 850 SF |
| Condo Use | Office |
| Price | $150,000 ($176.47/SF) |
| NOI | $12,000 |
| Sale Type | Investment or Owner User |
| Cap Rate | 8.00% |
| Description | |
| Recently vacant & freshened up. Ready to occupy.<br> 3 offices and large reception/lobby, and private bath.<br> <br> Seller financing considered with large down payment.</li></ul> |
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Matterport 3D Exterior
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Photos
Street View
Street
Map
Unit 207
| Unit Size | 1,250 SF |
| Condo Use | Office |
| Price | $175,000 ($140.00/SF) |
| NOI | $16,000 |
| Sale Type | Investment |
| Cap Rate | 9.14% |
| Description | |
| 5 individual offices, Lobby & conference room.<br> 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.</li></ul> | |
| 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.<br> <br> This portfolio includes 5 fully leased Office Condos. <br> $175,000 for each unit. Seller willing to provide financing.<br> Units included: 104, 105, 203, 207, 307. <br> Units have undergone renovations and upgrades. <br> <br> Some leases shorter than others which would allow for owner occupancy.<br> <br> Agent has ownership stake.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 40,000 SF | Year Built | 1968 |
| Property Type | Office | 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 |
| 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 1
Moderately walkable
70/100
Exceptionally drivable
90/100
Good public transit
70/100
Somewhat bikeable
30/100
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Street
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9 Mott Ave - Union Park Professional Bldg
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