5 Merritt Pl Norwalk, CT 06854-3633
- Industrial properties
- 4,370 SF
- 0.12 lot acres
Current Use by Public Records
- Industrial properties
Property Details for 5 Merritt Pl
- Year built
- 1953
- Construction
- STEEL FRAME
- Lot size
- 0.12 lot acres
- Property size
- 4,370 SF
- Zone code
- D
- Property type
- Industrial properties
- APN
- NORW M:2 B:77 L:8
- APU
- NORWM2B77L8
Description
This exceptional 4,370 square foot industrial property, located at 5 Merritt Place, offers a versatile space ideal for various uses, including manufacturing, flex space, R&D, or warehousing. The single-tenant building boasts 11-foot ceilings and a convenient 10-foot overhead door, facilitating efficient loading and unloading. One drive-in bay simplifies operations. The property includes a bathroom, kitchen, and central air conditioning, enhancing comfort and functionality. Ample parking is provided with four designated spaces. The building is equipped with a 200 AMP electrical service. Situated off Chestnut Street, this location offers easy access to I-95, approximately half a mile away. The property is zoned CD-4 and qualifies for Enterprise Zone benefits, including real estate and personal property tax abatements. This presents a significant financial advantage for the owner. The building's features and prime location make it an attractive opportunity for businesses seeking a functional and strategically located industrial space in Fairfield County. The single-tenant occupancy ensures ease of management and control.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $255,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $388,000
- AI Estimate
- $179,000
Market price range: $267k - $666kMarket price range: $102k - $351k -
Alternative Use
- Use
- Estimation
- INDUSTRIAL (GENERAL)
- $425,000 Current use
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Location Insight
- Map
- Local Demand
- City
- Norwalk
- County
- Fairfield
- State
- Connecticut
- Longitude
- -73.421
- Latitude
- 41.0926
- CBSA code
- 14860
- CBSA name
- BRIDGEPORT-STAMFORD-NORWALK, CT METROPOLITAN STATISTICAL AREA