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    391 Westport Ave Norwalk, CT 06851

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    For Sale
    $3,500,000

    Retail property for sale with existing tenant in Norwalk.

    Lot size:
    0.30 Acres

    Property Features for 391 Westport Ave

    General Information

    Lot size
    0.30 Acres

    Building Details

    Year built
    1967

    Source: William Raveis Real Estate Agent Paul Incerto

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Norwalk Retail Property For Sale

    The property is being sold with an adjacent property located at 318 Strawberry Hill Ave. The combined properties total a half-acre. The property has one business owned by a tenant. The business is not for sale, only the properties. The tenant's lease terms can be discussed with serious buyers. The intended use of the property is for retail purposes.
    Insight Report Location Intelligence

    Current Use by Public Records

    Shell Gas Station Swift Fresh Market Convenience Store Onestopnorwalk Convenience Store Coinsource Bitcoin ATM Atm

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Similar Places Nearby

    Florist In Norwalk

    Location Insight

    • Map
    • Local Demand
    City
    Norwalk
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.3906504
    Latitude
    41.1264245

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    FAQs

    What type of property is this?
    Storefront property - Retail property for sale with existing tenant in Norwalk.
    Where is this storefront property located?
    The property is located at 391 Westport Ave Norwalk, CT.
    What is the asking price?
    The asking price for this property is $3,500,000.
    What are key features of this property?
    This property features: - Opportunity to acquire two adjacent properties.; - Combined properties total a half-acre.; - Existing tenant provides immediate income.
    (203) 858-8080
    Request Owner's contact information
    391 Westport Ave Norwalk, CT 06851
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    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
    391 Westport Ave Norwalk, CT 06851
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