Property profile

558 Connecticut Ave Norwalk, CT 06854

OFF-MARKET
Investment properties
Property ID
US15-0735607
4,942 SF 0.13 ac lot Built 1985
Trust Owned 7-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional commercial property at 558 Connecticut Avenue in Norwalk, Connecticut, presents a rare opportunity for a small business owner-user. Situated on a 0.13-acre lot, this property boasts a prime location on US Route 1, experiencing high daily traffic exceeding 40,000 vehicles. The strategic placement ensures significant visibility and accessibility for any business. The property's immediate vicinity is anchored by established and successful businesses, including Home Depot, Burger King, Hoe Goods, Kohl's, and Raymour Flanigan, all within a 1,000-foot radius, creating a strong and desirable commercial environment. This location offers significant potential for attracting customers and building a thriving business. The property's projected return based on a pro-forma analysis indicates a compelling 7.25 percent return on investment, making it a financially attractive proposition. The asking price for this exceptional opportunity is $1,549,000. This is an ideal location for a business seeking high visibility, strong foot traffic, and a proven commercial environment. Don't miss this chance to secure a prime commercial space in a thriving Connecticut market. Contact us today to schedule a showing and explore the possibilities.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1985
Construction FRAME
Total area 4,942 SF
Lot 0.13 ac (5,663 SF)
Zoning code B2
APN NORW M:5 B:67 L:10
UPID US15-0735607

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
  • (Bike/Boat/Book/etc) Store
  • (Bike/Boat/Book/etc) Store

Location

558 Connecticut Ave Norwalk, CT 06854-1745
Norwalk metro Census 43100 BRIDGEPORT-STAMFORD-NORWALK, CT METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$315k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$415k

Owner & transaction history

since 2018
5 recorded transactions
2018
Price N/A
2008
Price N/A
1995
$600,000
1995
Price N/A
1989
Price N/A

Zoning & alternative use

B2 · 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
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