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    29 North Ave Norwalk, CT 06851

    Sponsored
    For Sale
    $1,700,000

    High-traffic auto sales & repair business, .52 acres

    Property size:
    1,566 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional commercial property, located at 29 North Avenue in Norwalk, Connecticut, presents a lucrative investment opportunity. The 1,566 square foot building sits on a sizable 0.52-acre lot, offering ample space for expansion or redevelopment. Currently operating as an auto sales and repair business, the property benefits from existing tenancy, providing immediate cash flow potential. The CD-3 zoning designation allows for a variety of commercial uses, providing flexibility for future endeavors. The strategic location on North Avenue ensures high visibility and accessibility, attracting significant foot and vehicle traffic. This property is ideal for investors seeking a strong return on investment in a thriving Connecticut market. The substantial lot size offers significant potential for future development or expansion of the existing business. The building's current use as an auto sales and repair facility demonstrates the property's suitability for businesses requiring ample space and convenient access. This is a rare opportunity to acquire a well-located commercial property with immediate income potential and significant upside. The property's size and zoning make it an attractive proposition for a variety of commercial ventures. Serious inquiries are encouraged to explore the possibilities this prime Norwalk location offers. The asking price is $1,700,000.

    Property Features for 29 North Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    1,566 SF
    Lot Size
    22,651 SF

    Building Details

    Year Built
    1954
    Property Profile Location Intelligence

    Current Use by Public Records

    H & R Auto ... Auto Repair Shop

    Suggested Use

    Realty agency Restaurant Law Firm 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
    -73.40993
    Latitude
    41.12178

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    FAQs

    What type of property is this?
    Commercial real estate - High-traffic auto sales & repair business, .52 acres
    Where is this commercial real estate located?
    The property is located at 29 North Ave Norwalk, CT.
    What is the asking price?
    The asking price for this property is $1,700,000.
    (203) 389-5377
    Request Owner's contact information
    29 North Ave Norwalk, CT 06851
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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
    29 North Ave Norwalk, CT 06851
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