84 West AveNorwalk, CT 06854

Property Details for 84 West Ave

Year built

1920

Lot size

0.77 AC

Property size (Sq ft)

90,098 SF

Property type

Office properties

Property subtype

Other office properties

Description

This exceptional redevelopment opportunity presents a 90,098 square foot mixed-use property at 84 West Avenue, Norwalk, CT. Strategically located across from The SoNo Collection, this one-story, 13-unit building boasts 150 feet of West Avenue frontage and offers immediate income potential. Currently 97% occupied with 12 tenants (11 apartments and 2 office suites), it projects a 2024 Net Operating Income (NOI) of $105,000. The property sits on a 0.77-acre lot and includes approximately 25 parking spaces—a rare amenity in this vibrant area. Built in 1920 and renovated in 1994, the building benefits from recent zoning changes that unlock significant redevelopment potential. Its prime location offers easy access to the South Norwalk Train Station and I-95, placing it within walking distance of numerous amenities, including restaurants, banks, and retail stores. The property is zoned Urban Center Community District (CD-4). Most tenants are on month-to-month leases, with three leases expiring in August 2025. This provides flexibility for a new owner while awaiting development plan approvals. Individual gas boilers serve eight units; the remaining units use electric power. On-site laundry facilities are available. The ground floor is occupied by Durango Insurance. This is a sealed bid offering with a deadline of November 12, 2024, at 5 PM EST.

Location Insight

City

Norwalk

County

Fairfield

State

Connecticut

Latitude

41.1048

Longitude

-73.4198

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