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Property profile & analytics
FOR SALE
Auto shops

9 Van Zant St Norwalk, CT 06855

5,316 SF 0.28 ac lot Built 1973
Individually Owned 25-yr Hold ~ Est. High Equity
Property ID
US15-0243212
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • ALCOLOCK Ignition Interlock Auto Repair Shop
  • Casale Auto Body Auto Repair Shop
  • Savvy Network Logic LLC Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Felix Callari · 25 yrs held
Felix Callari
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
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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