Technical
Financial
Distress signals
Property profile

9 Van Zant St Norwalk, CT 06855

FOR SALE
Auto shops
Property ID
US15-0243212
5,316 SF 0.28 ac lot Built 1973
Individually Owned 25-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

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

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1973
Total area 5,316 SF
Lot 0.28 ac (12,197 SF)
Zoning code I1
APN NORW M:3 B:35 L:5
UPID US15-0243212

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
  • Auto Repair Shop
  • Auto Repair Shop
  • Corporate Office

Location

9 Van Zant St Norwalk, CT 06855
Norwalk metro Census 44200 BRIDGEPORT-STAMFORD-NORWALK, CT METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$335k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$335k

Owner & transaction history

since 2001
4 recorded transactions
2006
Price N/A
2001
$500,000
2001
Price N/A
1991
$550,000

Zoning & alternative use

I1 · 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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