Property summary
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
VerifiedCap rate & NOI
Current use
-
(Bike/Boat/Book/etc) Store
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(Bike/Boat/Book/etc) Store
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
B2 · Norwalk, CTZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for B2 in Norwalk, CT.
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Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
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- Cap Rate Potential
- Location Insight
- Alternative use
- Local Zoning Insight