Property profile

17 Washington St Norwalk, CT 06854

OFF-MARKET
Office buildings
Property ID
US15-0743068
34,867 SF 0.62 ac lot Built 1940
Entity Owned 12-yr Hold Free & Clear
Saved · see the list in your Dashboard

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

Current use

Occupant on record · Public records
  • Big Box & Wholesale Store
  • Association / Organization
  • Bar & Pub
  • Training Center
  • Medical Supply Store Optician

Location

17 Washington St Norwalk, CT 06854-2719
Norwalk metro Census 44100 BRIDGEPORT-STAMFORD-NORWALK, CT METROPOLITAN STATISTICAL AREA
Google Maps

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

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

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 17 Washington St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message