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    150 Connecticut Ave Norwalk, CT 06854

    Sponsored
    For Lease
    $45 SF/Yr

    Prime Norwalk retail space, single tenant.

    Lot size:
    6,117 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail property, the Utopia Building, located at 150 Connecticut Avenue, Norwalk, CT 06854, offers a single-tenant space of 3,147 square feet within a larger 6,117 square foot building. The property boasts a highly desirable location on a main commercial artery in Norwalk, providing excellent visibility and high traffic volume. Its proximity to I-95 ensures convenient access for commuters and customers. The surrounding area is a thriving commercial hub with a diverse mix of businesses, creating a strong network of potential customers and business opportunities. Norwalk's robust economy, strong community, and business-friendly local government further enhance the property's appeal. The building itself does not have elevators. This location offers significant potential for long-term appreciation, making it an attractive investment opportunity. The property also features electronic digital signage, providing a valuable advertising tool for tenants. The flexible space can be adapted to suit various business needs. This prime location offers easy access to public transportation, shopping centers, and restaurants, adding to its overall desirability. Consider this property for its potential in Norwalk's competitive market.

    Property Features for 150 Connecticut Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,117 SF
    Total Rate
    22938.75

    Unit(s) available at that property

    Space
    Size
    3,147 SF
    Rate per SF
    $45

    HighLights

    • 6,117 square foot building on two floors with a full basement.
    • 0.45‑acre lot.
    • 22‑car parking lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Everything Home and Family Child Care Agency Caruso's Plumbing & Heating Plumber Exchange Club Of Norwalk ... Non-Profit Organization Ticketpro.com Event Ticket Seller Norwalk Exchange Club Non-Profit Organization

    Suggested Use

    Realty agency Law Firm 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.

    Location Insight

    • Map
    • Local Demand
    City
    Norwalk
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.430041330183
    Latitude
    41.104906816333

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    FAQs

    What type of property is this?
    Retail property - Prime Norwalk retail space, single tenant.
    Where is this retail property located?
    The property is located at 150 Connecticut Ave Norwalk, CT.
    What is the lease rate?
    The lease rate is $45 SF/Yr.
    What are key features of this property?
    This property features: 6,117 square foot building on two floors with a full basement.; 0.45-acre lot.; 22-car parking lot.
    Request Owner's contact information
    150 Connecticut Ave Norwalk, CT 06854
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    Norwalk, CT 06854
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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
    150 Connecticut Ave Norwalk, CT 06854
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