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    231 Wilson Ave Norwalk, CT 06854

    Sponsored
    For Sale
    $5,250,000

    19,419 SF Warehouse/Distribution

    Property size:
    19,419 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 19,419-square-foot industrial property in Norwalk, Connecticut, presents a unique owner-user opportunity. Located at 231 Wilson Ave, 06854, this Fairfield County property sits on a 1.51-acre lot and offers versatile space suitable for warehouse, distribution, manufacturing, or flex uses. Built in 1919, the building features a 14-foot clear ceiling height on the first floor and 12 feet on the second. The property includes two overhead doors and a potential loading dock, enhancing operational efficiency. Priced at $5,250,000, this property also offers lease options at $16.00 per square foot, triple net, with additional triple net expenses of $2.88 per square foot. This prime location in Norwalk provides excellent access to major transportation routes, making it an ideal choice for businesses seeking a strategic base of operations. The property's size, features, and location combine to create a compelling investment opportunity. Don't miss this chance to acquire a well-situated industrial property with significant potential.

    Property Features for 231 Wilson Ave

    General Information

    Property type
    Distribution properties
    Square Feet
    19,419 SF
    Lot Size
    65,776 SF

    Building Details

    Year Built
    1919

    HighLights

    • 19,419 SF industrial building (warehouse/distribution/manufacturing/flex) available for $5,250,000.
    • Also available for lease at $16.00/SF NNN, with triple net expenses of $2.88/SF.
    • Features two overhead doors.
    • Clear ceiling heights: 14 ft. on the first floor and 12 ft. on the second floor.
    • Potential loading dock.
    Property Profile Location Intelligence

    Current Use by Public Records

    Eurostar Industries Inc Distribution Service

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Norwalk
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.425762836271
    Latitude
    41.077513084251

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    FAQs

    What type of property is this?
    Distribution property - 19,419 SF Warehouse/Distribution
    Where is this distribution property located?
    The property is located at 231 Wilson Ave Norwalk, CT.
    What is the asking price?
    The asking price for this property is $5,250,000.
    What are key features of this property?
    This property features: 19,419 SF industrial building (warehouse/distribution/manufacturing/flex) available for $5,250,000.; Also available for lease at $16.00/SF NNN, with triple net expenses of $2.88/SF.; Features two overhead doors.
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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
    231 Wilson Ave Norwalk, CT 06854
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