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Property summary
This thriving Norwalk commercial property presents a unique investment opportunity. Located at 54 Benedict Avenue, this 1,551 square foot general commercial space boasts a long-standing history as a successful business. The interior features an industrial exposed ceiling, adding to its unique character. The layout includes a designated area for a pool table, a DJ booth, and a glossy wrap-around bar with high-top tables. A kitchen is also included, currently supporting a small menu. The property's significant draw is its large, poured concrete patio, completely fenced and partially covered, ideal for hosting events like live music and cornhole tournaments. Extensive renovations have been undertaken in the last three years, encompassing significant upgrades to the electrical and plumbing systems. Furthermore, the furniture has been replaced within the last three years, and new televisions have recently been installed. The 0.19-acre lot provides ample outdoor space, complementing the substantial interior area. This turnkey operation is ready for a new owner to continue its success or adapt it to a new venture. The property is priced at $290,000 and offers a compelling blend of established business and significant potential for future growth. This is a rare opportunity to acquire a well-maintained and updated commercial property in a desirable location.
Property profile
VerifiedCap rate & NOI
Current use
-
Bar & Pub
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Norwalk market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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