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    Property profile & analytics
    OFF-MARKET Estimated value $1,410,000
    Investment properties

    454 Main Ave, Norwalk, CT 06851-1063

    10,162 SF 0.65 ac lot Built 1974
    Entity Owned 8-yr Hold ~ Est. High Equity
    Property ID
    US15-0260699
    Property summary
    AI-generated overview

    This exceptional commercial property at 454 Main Ave, Norwalk, CT, offers 10,162 square feet of retail and special purpose space, currently configured as a single-tenant office. Situated on a 6.5-acre lot, the building boasts a prominent location across from the Merritt Seven office park, ensuring high visibility and significant traffic. Built in 1974, this two-story structure is zoned B2 and features 790 square feet of currently vacant space. The property's address is 454 Main Ave, Norwalk, CT 06851, conveniently located near Valley View Rd in Fairfield County. The asking rent is $35.00 per square foot, inclusive of property taxes. Utilities are not included and are considered triple net expenses. The building's single-tenant occupancy presents a unique opportunity for a variety of businesses seeking a high-traffic location in a thriving area. The substantial land area offers potential for future expansion or redevelopment. This property is ideal for a business seeking strong visibility and convenient access to a significant workforce. The existing tenant's use as a nutrition store demonstrates the suitability of the space for health-conscious businesses or other retail ventures. The property's size and location make it a compelling investment opportunity in a desirable Connecticut market.

    Property profile
    Verified
    Property type Investment properties
    Use group OFFICE/RESIDENTIAL (MIXED USE)
    Year built 1974
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 10,162 SF
    Lot 0.65 ac (28,183 SF)
    Zoning code B2
    APN NORW M:5 B:22C L:1
    UPID US15-0260699
    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
    • Advanced Dental Center, PC Dental Office
    • Giacomo's Deli Take-out & Catering Catering Service
    • Guarna Anna R DDS Dental Office
    • Conquer Physical Therapy Physician
    • Robert W. Purslow, MSPT Physician
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.22M
    Blend (final) Blend
    $1.41M
    Owner & transaction history
    Orange Investments LLC · 8 yrs held
    Orange Investments LLC
    since 2017
    2 recorded transactions
    2017
    2007
    Zoning & alternative use
    B2 · Norwalk, CT
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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