625 Main Ave Norwalk, CT 06851-1076
- Retail space
- 1,348 SF
- 0.16 lot acres
Current Use by Public Records
- Retail space
Property Details for 625 Main Ave
- Year built
- 1950
- Construction
- FRAME
- Lot size
- 0.16 lot acres
- Property size
- 1,348 SF
- Zone code
- B2
- Property type
- Retail space
- APN
- NORW M:5 B:36 L:4A
- APU
- NORWM5B36L4A
Description
This exceptional commercial property, located at 625 Main Avenue in Norwalk, Connecticut, presents a dynamic investment opportunity. Boasting 2,248 square feet of versatile space, this general commercial building is ideally situated on a prominent Main Avenue location, ensuring high visibility and accessibility. The property sits on a 0.16-acre lot and includes a convenient 10-space on-site parking lot, a significant advantage in a high-traffic area. The interior layout offers several rooms, including dedicated space suitable for an office on the upper level, providing flexibility for a variety of business uses. Its strategic location provides easy access to major highways, making it an attractive option for businesses needing convenient transportation links. The asking price for this exceptional property is $729,900. This presents a rare chance to acquire a well-positioned commercial building in a thriving Connecticut city. The property's combination of size, location, parking, and versatile interior space makes it an ideal investment for discerning buyers seeking a strong return on investment. Don't miss this opportunity to secure a prime commercial property in a highly desirable location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $290,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $365,000
- 6.5%
- $415,000
- 7%
- $345,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $415,000
- Geo Method
- $435,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $355,000
- Retail
- $415,000
- Mixed-Use
- $410,000
- Hospitality
- $330,000
- Educational
- $335,000
- Residential Income
- $375,000
- Energy
- $370,000
- Income-Based Land
- $330,000
- Food Service
- $340,000
Location Insight
- Map
- Local Demand
- City
- Norwalk
- County
- Fairfield
- State
- Connecticut
- Longitude
- -73.4215
- Latitude
- 41.1578
- CBSA code
- 14860
- CBSA name
- BRIDGEPORT-STAMFORD-NORWALK, CT METROPOLITAN STATISTICAL AREA