150 Connecticut AveNorwalk, CT 06854

This exceptional mixed-use property, the Utopia Building, is situated at 150 Connecticut Avenue in Norwalk, Connecticut, within Fairfield County (zip code 06854). Built in 1996, this two-story building boasts a total of 9,087 square feet, with 6,117 square feet of net rentable space. Currently offered for sale by owner at $2,700,000, this property presents a compelling investment opportunity. Its prime location on Norwalk's premier retail corridor, connecting Darien and Westport, ensures high visibility and accessibility. The building's current configuration is ideal for an owner-user, but also holds significant potential for future development. The first floor is currently available for lease at $45 per square foot NNN, or the entire building can be leased for $30 per square foot NNN. A particularly attractive feature is the possibility of converting the second-floor office space into four residential apartments, significantly increasing the property's value and rental income. This versatile property offers a unique blend of immediate income potential and long-term growth opportunities. The building also features digital signage, enhancing its marketing and advertising capabilities. This is a rare opportunity to acquire a well-located, adaptable property in a thriving Connecticut market.