9 Mott Ave, Unit 104 Norwalk, CT 06850-3330
- Office Properties & Spaces
- 1,176 SF
Current Use by Public Records
- Anilom Mortgage Corporation / Mortgage Lender
- Schafer Law / Personal Injury Attorney / Employment Attorney
- Williams III Allen L / Attorney
- Law Offices of Lawrence D. Church, LLC / Law Firm / Bankruptcy Attorney
- Dr. Richard J. Annulli, MD / Pain Management Physician
Property Details for 9 Mott Ave
- Year built
- 1973
- Construction
- STEEL FRAME
- Property size
- 1,176 SF
- Zone code
- CBDB
- Property type
- Office Properties & Spaces
- APN
- NORW M:1 B:26 L:30-1-4
- APU
- NORWM1B26L3014
Description
This 1,128 square foot office condo, located at 9 Mott Avenue Unit 207 in Norwalk, Connecticut, presents a compelling investment opportunity. The property is classified as General Commercial and is offered at $175,000. A key advantage is the inclusion of access to three separate parking areas, providing ample parking for staff and clients. The current lease structure offers flexibility, with some leases shorter than others, presenting a potential for owner-occupancy. This allows for immediate use or the ability to transition to full occupancy over time. The building's convenient location within Norwalk adds to its appeal. Furthermore, the seller demonstrates a willingness to explore financing options, making this property accessible to a wider range of potential buyers. This is an excellent chance to acquire a well-situated office condo in a desirable Connecticut market, with the added benefit of potential seller financing. The property's size and parking provisions make it suitable for a variety of commercial uses. The flexible lease terms offer a unique opportunity for immediate income generation and future expansion. Serious inquiries are encouraged.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $225,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $231,000
- AI Estimate
- $162,000
Market price range: $208k - $305kMarket price range: $50.3k - $253k -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $255,000 Current use
- COMMERCIAL (GENERAL)
- $285,000 Change: +11% Conversion: Easy
- AUTO REPAIR, GARAGE
- $275,000 Change: +7% Conversion: Difficult
- RETAIL STORES
- $220,000 Change: -15% Conversion: Moderate
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Location Insight
- Map
- Local Demand
- City
- Norwalk
- County
- Fairfield
- State
- Connecticut
- Longitude
- -73.4166
- Latitude
- 41.1158
- CBSA code
- 14860
- CBSA name
- BRIDGEPORT-STAMFORD-NORWALK, CT METROPOLITAN STATISTICAL AREA