Technical
Financial
Distress signals
Property profile

594 Main Ave Norwalk, CT 06851

OFF-MARKET
Retail space
Property ID
US15-0430051
5,009 SF 0.48 ac lot Built 1967
Entity Owned 28-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional commercial property, located at 594 Main Avenue in Norwalk, Connecticut, presents a remarkable investment or user opportunity. The 5,000 square foot building sits on a 0.48-acre lot at a signalized intersection boasting high visibility and significant daily traffic volume of 40,000 cars. The building features 57 feet of frontage on Main Avenue, including one curb cut, providing excellent access and exposure. Currently occupied by Dorello Carpets, the property is available for immediate occupancy, offering a turnkey solution for a variety of potential uses. These include, but are not limited to, restaurants, banking or financial institutions, general retail establishments, and medical offices. The building's prime location and substantial traffic count make it an ideal choice for businesses seeking high visibility and accessibility. The property's size and configuration offer ample space for a wide range of commercial ventures, ensuring a strong return on investment for the discerning buyer. This is a rare opportunity to acquire a well-situated, high-traffic commercial property in a thriving Connecticut market. The building is ready for immediate use, eliminating lengthy renovation or construction delays. Don't miss this chance to secure a prime location in a bustling area.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1967
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 5,009 SF
Lot 0.48 ac (20,996 SF)
Zoning code B2
APN NORW M:5 B:22C L:17
UPID US15-0430051

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
  • Carpet & Flooring Store

Location

594 Main Ave Norwalk, CT 06851-1039
Norwalk metro Census 42700 BRIDGEPORT-STAMFORD-NORWALK, CT METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$370k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$460k

Owner & transaction history

since 1997
4 recorded transactions
2006
Price N/A
1997
$520,000
1996
$260,000
1994
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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