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Property profile & analytics
FOR SALE
Retail space

150 Connecticut Ave Norwalk, CT 06854

6,117 SF 0.45 ac lot Built 1996
Individually Owned 12-yr Hold Free & Clear
Property ID
US15-1245603
Property summary
AI-generated overview

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 profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1996
Construction STEEL FRAME
Total area 6,117 SF
Lot 0.45 ac (19,732 SF)
Zoning code B2
APN NORW M:5 B:64 L:46
UPID US15-1245603
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Everything Home and Family Daycare Center Foster Care Service
  • Caruso's Plumbing & Heating Plumbing Service General Contractor
  • Exchange Club Of Norwalk Connecticut Charitable Organization Social Service Agency
  • Ticketpro.com Event Planning
  • Norwalk Exchange Club Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
1800 Real Estate Assoc · 12 yrs held
1800 Real Estate Assoc
since 2014
4 recorded transactions
2014
Price N/A
2007
$1
1995
Price N/A
1988
$685,000
Zoning & alternative use
B2 · Norwalk, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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