99 Main StNorwalk, CT 06851

Property Details for 99 Main St

Year built

1900

Construction

FRAME

Lot size

0.35 AC

Property size (Sq ft)

2,957 SF

Zone code

D

Property type

Residential income homes

Property subtype

Small apartment buildings

APN

NORW M:2 B:63 L:8

APU

NORWM2B63L8

Description

This exceptional 4,316 square foot Class B office condo, located at 99 Main Street in Norwalk, Connecticut, presents a unique investment opportunity. Built in 1940 and fully renovated in 2005, this two-story building boasts a blend of historic charm and modern functionality. The property features a desirable mix of open and private spaces, including 3,143 square feet of partially open floor plan, five individual offices, three bathrooms, and a kitchen. The interior showcases exposed brick walls, creating a warm and inviting atmosphere. A significant advantage is the semi-finished 2,625 square foot basement, offering substantial potential for expansion. Outdoor amenities include a second-floor deck complete with a grill. The building is zoned CD-3C and enjoys a highly visible location on the Route 7 corridor, providing easy access from Route 1 and Route 7. Its prime location offers unparalleled convenience, with numerous dining options nearby, including restaurants, bakeries, and a food truck. The asking price is $1,295,000, translating to $300.05 per square foot. This property is ideal for businesses seeking a prestigious and well-equipped office space in a thriving Connecticut location. The building's combination of historical character and modern updates makes it a truly unique offering.

• CAP approach

  CAP return

  Valuation

  6%

  $606,212

  6.5%

  $559,580

  7%

  $519,610

• Comparable approach

  Method

  Valuation

  Relative Method

  $598,860

  Geo Method

  $598,860

• Alternative Use

  Use

  Valuation

  Residential

  $559,580

  Hospitality

  $512,572

  Educational

  $426,454

  Medical

  $441,121

  Retail

  $663,373

Location Insight

City

Norwalk

County

Fairfield

State

Connecticut

Latitude

41.0945

Longitude

-73.4195

CBSA code

14860

CBSA name

BRIDGEPORT-STAMFORD-NORWALK, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at support@realmo.com and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at support@realmo.com.