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546 West Ave

5,800 SF 100% Leased Industrial Building Norwalk, CT 06850 £1,334,485 (£230/SF) 7% Net Initial Yield

Investment Highlights

  • Corner property with great exposure
  • Is part of Wall St-West Ave Redevelopment Area

Executive Summary

Opportunity to acquire a well-located single-story retail property in a vibrant area at 542-546 West Ave, Connecticut. This property consists of three retail units totaling 5,800 square feet, with two of the units currently occupied by long-standing tenants: a liquor store and a barber shop. The third unit, which formerly housed a dry cleaner, offers a spacious 3,500 square feet and is currently vacant—an excellent opportunity for an investor or owner-user to lease or occupy the space. Note: Strictly sold as-is

Property Facts

Price £1,334,485 Building Class C
Price Per SF £230 Lot Size 0.12 AC
Sale Type Investment or Owner User Rentable Building Area 5,800 SF
Net Initial Yield 7% Number of Floors 1
Property Type Industrial Year Built 1940
Property Subtype
Warehouse
  • General Retail Freestanding
 Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Price £1,334,485
Price Per SF £230
Sale Type Investment or Owner User
Net Initial Yield 7%
Property Type Industrial
Property Subtype
Warehouse
  • General Retail Freestanding
Building Class C
Lot Size 0.12 AC
Rentable Building Area 5,800 SF
Number of Floors 1
Year Built 1940
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
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Walk Score ®
Very Walkable (84)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number NORW-000001-000020-000039 Improvements Assessment £228,534
Land Assessment £191,475 Total Assessment £420,009

PROPERTY TAXES

Parcel Number
NORW-000001-000020-000039
Land Assessment
£191,475
Improvements Assessment
£228,534
Total Assessment
£420,009

zoning

Zoning Code CBDB
CBDB
  • Simon Kim
    Simon Kim
  • Thomas Kang
    Thomas Kang
  • RE/MAX NOW
(201) 981-7007

  • Listing ID: 33599398

  • Date on Market: 22/10/2024

  • Last Updated:

  • Address: 546 West Ave, Norwalk, CT 06850

The Industrial Property at 546 West Ave, Norwalk, CT 06850 is currently available For Sale. Contact RE/MAX NOW for more information.

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© 2024 CoStar Group

546 West Ave
(201) 981-7007 x

546 West Ave

1/2

Simon Kim

(201) 981-7007

(201) 981-7007

Thomas Kang

(201) 313-6495

(201) 313-6495

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