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83 Washington St, Unit 1D Norwalk, CT 06854

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For Sale
$795,501

Turn-key retail space with long-term tenant in prime location.

Property size:
1,764 SF

Property Features for 83 Washington St

General Information

Standard status
Active
Size
1,764 SF

Building Details

Year built
1984

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Listing Contact
Joe Balestriere
Source: Corcoran

Listing Agency: William Raveis Real Estate Listing Agent: Joe Balestriere

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

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Overview

SoNo Retail Investment Opportunity

This 1,764 sq. ft. ground-floor retail space is located on Washington Street in the SoNo neighborhood. The property features a private entrance, large display windows, an in-unit bathroom, and a full broom-clean basement for storage. The existing business, a liquor store with humidor and cigar shop, has 11 years remaining on a triple-net lease, with rent escalations built in. The tenant pays all expenses, including HOA. The property is surrounded by over 1,000 new residential units, the SoNo Collection Mall, Maritime Aquarium, train station, Residence Inn by Marriott, shops, restaurants, and entertainment venues. Norwalk Harbor is within walking distance, and I-95, Route 7, and the Merritt Parkway are easily accessible. Situated in both the Norwalk Enterprise Zone and Opportunity Zone, this location offers tax and investment advantages.
Location Intelligence

Current Use by Public Records

M&M Wine, Liquor ... (Bike/Boat/Book/etc) Store M&M wine spirits ... (Bike/Boat/Book/etc) Store Zurita Insurance & Financial ... Insurance Agency

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

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

Similar Places Nearby

Arugula Tango

Location Insight

  • Map
  • Local Demand
City
Norwalk
County
Fairfield
State
Connecticut
Longitude
-73.4181163
Latitude
41.0992486

FAQs

What type of property is this?
Storefront property - Turn-key retail space with long-term tenant in prime location.
Where is this storefront property located?
The property is located at 83 Washington St, Unit 1D Norwalk, CT.
What is the asking price?
The asking price for this property is $795,501.
What are key features of this property?
This property features: - High 7.9% CAP rate with a strong, long-term tenant.; - Triple-net lease with 11 years remaining and rent escalations.; - Located in Norwalk Enterprise Zone and Opportunity Zone.
More about this property
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