For Sale
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Property summary
This exceptional commercial real estate portfolio in East Norwalk, Connecticut, presents a compelling investment opportunity. Priced at $2,400,000, this 0.72-acre assemblage comprises three properties currently occupied by an established auto body shop. Two adjacent parcels at 7 & 9 Van Zant Street, totaling 0.56 acres, are zoned Special District - Light Industrial (SD-L1). A third property across the street at 10 Van Zant Street adds another 0.16 acres, situated in a Community District - General Urban (CD-3) zone. Each property is available for individual sale, offering flexible investment options. The portfolio benefits from a strategic location, less than a mile from I-95 (Exit 16) and near Route 7, providing convenient access to the Merritt Parkway (Route 15). Public transportation is readily available, with the East Norwalk Metro-North Train Station a half-mile away and nearby bus stops. The area boasts a vibrant mix of residential, commercial, and industrial buildings, reflecting a diverse and thriving business environment. Nearby attractions include the 35-acre Veterans Memorial Park and Marina, offering recreational amenities. Recent significant redevelopment in the area, such as the $20 million renovation of 25 Van Zant Street into a modern multi-industrial hub, underscores the growth potential of this location. This portfolio offers substantial redevelopment potential or an ideal owner-user opportunity in a highly desirable and well-connected location.
Property profile
VerifiedCap rate & NOI
Current use
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Auto Repair Shop
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Auto Repair Shop
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Corporate Office
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
I1 · Norwalk, CTZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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The district profile from the municipal source: what is on file for I1 in Norwalk, CT.
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