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    71 Main St Norwalk, CT 06851

    Sponsored
    For Sale
    Contact for pricing

    Prime Norwalk location, redevelopment potential.

    Property size:
    1,360 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional redevelopment opportunity encompasses 71 Main Street in Norwalk, Connecticut, a 1,360 square foot Class A retail property currently housing a charming 1942 roadside diner. The property sits on a 7,840.8 square foot lot and is zoned CD 4, presenting significant potential for residential development. Preliminary plans suggest the possibility of approximately 22 residential units, subject to all necessary approvals and permits. Building height restrictions apply, with a minimum of two stories and a maximum of 6.5 stories permitted. However, within 50 feet of a CD-2 property line, the maximum height is 3.5 stories, and within 50 feet of a CD-3 property line, the maximum is 4.5 stories. Ceiling height restrictions also apply, with a maximum of 13 feet, except for ground floor commercial spaces, which must have a minimum of 15 feet and a maximum of 25 feet. This property must be sold with 69 Main Street. The residential density is one dwelling unit per 500 square feet. This unique offering combines the charm of an established business with the exciting potential for substantial residential development in a desirable Connecticut location. The property's prime location and development potential make it an attractive investment for discerning buyers. The sale price is available upon request.

    Property Features for 71 Main St

    General Information

    Property type
    Restaurants
    Square Feet
    1,360 SF
    Class
    A

    Building Details

    Year Built
    1942
    Stories
    1

    HighLights

    • Price Upon Request. Must be sold with 69 Main St.
    • Development potential: approximately 22 residential units.
    • 7,840.8 SF lot; residential density: 1 unit per 500 sq ft.
    • Building height restrictions: 2‑6.5 stories (with limitations near CD‑2 and CD‑3 property lines).
    • Ceiling height restrictions: maximum 13 ft (exceptions for ground floor commercial space).
    • 1,360 SF roadside diner on 71 Main St.
    Property Profile Location Intelligence

    Current Use by Public Records

    Maximo Deli & Grocery Grocery Store Next Door at Taproot Restaurant Une Travel - SoNo Check Cashing Service MoneyGram Money Transfer Service Ria Money Transfer ... Money Transfer Service

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Norwalk
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.413173854351
    Latitude
    41.120289696131

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    FAQs

    What type of property is this?
    Restaurant - Prime Norwalk location, redevelopment potential.
    Where is this restaurant located?
    The property is located at 71 Main St Norwalk, CT.
    What are key features of this property?
    This property features: Price Upon Request. Must be sold with 69 Main St.; Development potential: approximately 22 residential units.; 7,840.8 SF lot; residential density: 1 unit per 500 sq ft.
    Request Owner's contact information
    71 Main St 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
    71 Main St Norwalk, CT 06851
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