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    9-15 Washington St Norwalk, CT 06854

    Sponsored
    For Sale
    $5,000,000

    High-traffic Norwalk retail complex

    Property size:
    11,880 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional commercial property, located at 9-15 Washington Street in the vibrant South Norwalk (SoNo) district of Norwalk, Connecticut, presents a unique investment opportunity. Spanning 11,880 square feet on a 0.29-acre lot, this property boasts four established, income-producing businesses, ensuring a steady revenue stream. Its prime location on Washington Street places it within a high-traffic area, guaranteeing excellent visibility and accessibility for any business. The South Norwalk district is renowned for its historical charm and thriving commercial activity, creating a dynamic and attractive environment for both businesses and customers. The property's versatility allows for a wide range of uses, from stylish boutiques to popular restaurants, perfectly complementing the diverse commercial landscape of Washington Street. This is an ideal opportunity for investors seeking a well-established, high-return property in a sought-after location. The asking price is $5,000,000. This property offers significant potential for growth and profitability within a bustling and established commercial district. The existing businesses provide immediate income, minimizing risk and maximizing return on investment. The property's size and location make it an attractive proposition for a variety of commercial ventures. Don't miss this chance to acquire a prime piece of Norwalk real estate.

    Property Features for 9-15 Washington St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    11,880 SF
    Lot Size
    12,632 SF

    Building Details

    Year Built
    1967
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Norwalk
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.42071
    Latitude
    41.0993

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    FAQs

    What type of property is this?
    Commercial real estate - High-traffic Norwalk retail complex
    Where is this commercial real estate located?
    The property is located at 9-15 Washington St Norwalk, CT.
    What is the asking price?
    The asking price for this property is $5,000,000.
    (203) 869-9263
    Request Owner's contact information
    9-15 Washington St Norwalk, CT 06854
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    Norwalk, CT 06854
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    9-15 Washington St Norwalk, CT 06854
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