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Property profile & analytics
OFF-MARKET Estimated value $1,135,000
Office buildings

17 Washington St Norwalk, CT 06854-2719

34,867 SF 0.62 ac lot Built 1940
Entity Owned 12-yr Hold Free & Clear
Property ID
US15-0743068
Property summary
AI-generated overview

17 Washington Street in Norwalk, Connecticut presents a significant commercial investment opportunity in the thriving South Norwalk (SoNo) district. This 37,000 square foot property offers a versatile blend of office and retail space, perfectly positioned within a high-traffic area to maximize business exposure and foot traffic. Its strategic location in SoNo provides immediate access to a wealth of local amenities, restaurants, and entertainment venues, creating an attractive environment for employees and customers alike. The building's substantial size is suitable for a variety of uses, accommodating multiple tenants or a single large-scale operation. The existing layout is adaptable, allowing for reconfiguration to meet specific business requirements. The property sits on a 0.62-acre lot, offering ample space for potential expansion or outdoor amenities. Furthermore, the property presents a compelling opportunity for conversion into over 120 residential units, representing a significant potential for future development and increased return on investment. This property is priced at $5,300,000 and offers a rare chance to acquire a substantial commercial asset in a highly desirable and dynamic location.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1940
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 34,867 SF
Lot 0.62 ac (27,209 SF)
Zoning code SNBD
APN NORW M:2 B:25 L:5
UPID US15-0743068
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
  • REVUE EYEWEAR Big Box & Wholesale Store
  • National Football Foundation Fairfield County Chapter Association / Organization
  • Azucar Sports Bar Bar & Pub
  • S.E.A.D.S - SoNo Entertainment and Dance Space Training Center
  • Review R International Medical Supply Store Optician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$805k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.47M
Blend (final) Blend
$1.14M
Owner & transaction history
Jensu Realty LLC · 12 yrs held
Jensu Realty LLC
since 2014
4 recorded transactions
2014
Price N/A
2013
Price N/A
1994
Price N/A
1988
$2.3M
Zoning & alternative use
SNBD · Norwalk, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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