Property profile

54 Main St New Canaan, CT 06840

OFF-MARKET
Retail properties & Spaces
1,500 SF
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Property summary

AI-generated overview

This exceptional opportunity presents a fully equipped, 3,158 sq ft restaurant in the heart of South Norwalk's vibrant SoNo district. The property boasts a prime location with high visibility and accessibility, benefiting from proximity to I-95 and Route 7. The 1,500 sq ft basement offers dedicated bakery and prep areas, perfect for a catering business or expansion. This turnkey operation is available for $475,000, offering a blank canvas for rebranding and creative transformation. The sale does not include the existing name and brand. The space is currently configured for a restaurant with ample indoor seating. South Norwalk is experiencing significant revitalization, with new residential, retail, and commercial developments, including the SoNo Collection and an expanding Marriott property. This presents a unique chance to capitalize on a thriving market and established customer base. The lease is NNN with a rate of $28 per square foot. The property is located at 54 S Main St, Norwalk, CT 06840. This is an asset sale.

Property profile

Verified
Property type Retail properties & Spaces
Total area 1,500 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

54 Main St New Canaan, CT 06840
New Canaan metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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