59 Main St Norwalk, CT 06851-4713

Property Details for 59 Main St

Year built

1870

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.06 lot acres

Property size

2,346 SF

Zone code

CBDA

Property type

Retail space

APN

NORW M:1 B:72 L:8

APU

NORWM1B72L8

Description

This exceptional commercial property located at 59 Main Street in Norwalk, Connecticut, presents a lucrative investment opportunity. The building boasts a total of 2,346 square feet situated on a 0.06-acre lot, offering significant potential for expansion and increased revenue. The property's prime location within Norwalk's vibrant Wall Street neighborhood ensures high visibility and foot traffic. The building underwent a complete renovation approximately eight years ago, resulting in a well-maintained structure ready for immediate occupancy. Currently, the property features a 1,200 square foot retail space on the ground floor, complemented by a full basement providing ample storage or additional development space. The second floor comprises two one-bedroom apartments, consistently occupied, generating reliable rental income. Convenient off-street parking is also available for tenants and customers. A key advantage of this property lies in its significant expansion potential. The existing structure allows for the addition of at least two more floors, creating the opportunity to develop up to three additional apartments, substantially increasing the property's value and rental income stream. This presents a unique chance to capitalize on the strong demand for residential and commercial space in this desirable location. The asking price for this exceptional property is $825,000. Don't miss this chance to acquire a high-yield investment with significant upside potential in a thriving Connecticut market.

Location Insight

City

Norwalk

County

Fairfield

State

Connecticut

Longitude

-73.4132

Latitude

41.12

CBSA code

14860

CBSA name

BRIDGEPORT-STAMFORD-NORWALK, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments