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Norwalk Mixed-Use Income Opportunity

61 Cedar St, Norwalk, CT 06854

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For Sale

$2,000,000

Mixed-use property with residential and commercial income potential.

Type:Multi Family

Property size:

2,000 SF

Price / SF:

$1,000/SF

HighLights

Mixed‑use property featuring residential multi‑family and an established restaurant.
Turnkey restaurant with staff and manager in place; owners willing to assist with transition.
Legal multi‑family unit provides rental income potential from the first floor, second floor, and finished basement.
Month‑to‑month leases offer flexibility for the new owner.
Ample parking is available in front and rear of the property.
Convenient location near I‑95 and Norwalk's main street (Walk Score: 90).

We can help!

Listing Contact

Jithu Sajeevan

Learn more

For Sale

$2,000,000

Mixed-use property with residential and commercial income potential.

Type:Multi Family

Property size:

2,000 SF

Price / SF:

$1,000/SF

Added:: Apr 22, 2026
Days on Market:: 56
Last Refresh:: Apr 22 at 7:40 pm

Property Features for 61 Cedar St

General Information

Standard status: Active
Size: 2,000 SF
Property subtype: Multi Family

Building Details

Year Built: 1855

We can help!

Listing Contact

Jithu Sajeevan

Listing agent Jithu Sajeevan License #REB.0795779

Listing office SERHANT CONNECTICUT LLC

Listing date Apr 22, 2026

Source Elliman

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

All listing content including descriptions, pricing, images are the copyrighted material of SERHANT CONNECTICUT LLC

HighLights

Mixed‑use property featuring residential multi‑family and an established restaurant.
Turnkey restaurant with staff and manager in place; owners willing to assist with transition.
Legal multi‑family unit provides rental income potential from the first floor, second floor, and finished basement.
Month‑to‑month leases offer flexibility for the new owner.
Ample parking is available in front and rear of the property.
Convenient location near I‑95 and Norwalk's main street (Walk Score: 90).

Overview

The property at 61 Cedar Street in Norwalk presents a mixed-use opportunity, featuring a residential multi-family building and an established restaurant. The residential component includes a legal multi-family unit with apartments on the first and second floors, along with a finished basement. Currently, the basement and first floor are rented per bedroom, while the second floor is rented as a full unit. All tenants are on month-to-month leases. The roof is approximately 10 years old. Ample parking is available in both the front and rear of the property. The property also includes a commercial building of approximately 2000 square feet, currently operating as a Colombian restaurant that has been successful for many years. The restaurant is a turnkey opportunity with staff and a manager in place, and the current owners are willing to assist with the transition. The property is conveniently located minutes from I-95 and about a minute from the main street of Norwalk. The location has a walk score of 90, indicating it is a walker's paradise, a transit score of 54, indicating good transit options, and a bike score of 48, indicating it is somewhat bikeable.

Location Intelligence

Current Use by Public Records

La Sorpresa y ... Restaurant

Suggested Use

Location Insight

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Local Demand

City: Norwalk
County: Fairfield
State: Connecticut
Longitude: -73.4254168
Latitude: 41.1041829

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For sale
Mixed-use properties
CT
Norwalk
06854
61 Cedar St

What type of property is this?

Mixed-use property - Mixed-use property with residential and commercial income potential.

Where is this mixed-use property located?

The property is located at 61 Cedar St Norwalk, CT.

What is the asking price?

The asking price for this property is $2,000,000.

What are key features of this property?

This property features: Mixed‑use property featuring residential multi‑family and an established restaurant.; **Turnkey restaurant with staff and manager in place; owners willing to assist with transition.**; Legal multi‑family unit provides rental income potential from the first floor, second floor, and finished basement.