385 Connecticut AveNorwalk, CT 06854

  • Other commercial real estate
  • 5.95 AC
For Lease

Property Details for 385 Connecticut Ave

Lot size
5.95 AC
Zone code
B1
Property type
Other commercial real estate
APN
NORW M:5 B:74 L:2C
APU
NORWM5B74L2C

Description

This exceptional retail opportunity is located inside a high-traffic Stop & Shop in Norwalk, Connecticut, at 385 Connecticut Ave, 06854. The available space totals 500 square feet and offers a prime, front-of-store location providing unparalleled visibility and access to thousands of weekly customers. This "Store-Within-A-Store" concept boasts a range of benefits, including a highly visible location, access to a large customer base, and an all-inclusive monthly fee covering real estate taxes, property insurance, CAM, and utilities. Branding opportunities are available both inside and outside the store. The property is situated in a thriving trade area with a desirable customer base. Ideal uses include financial institutions, service businesses (such as pack and ship or repair services), health and wellness businesses, and insurance or real estate offices. Food and beverage services, restaurants, and smoke shops are prohibited. This is a unique opportunity to position your business within one of the Northeast's most well-known grocery store chains. The property is in Fairfield County, Connecticut.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $49,016,904
    Hospitality
    $44,899,220
    Educational
    $37,355,624
    Medical
    $38,640,340
    Retail
    $58,108,748
385 Connecticut Ave, Norwalk, Connecticut

Location Insight

City
Norwalk
County
Fairfield
State
Connecticut
Latitude
41.1002
Longitude
-73.44
CBSA code
14860
CBSA name
BRIDGEPORT-STAMFORD-NORWALK, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$466,737
$8,240,040
$10,309,960
$18,550,000
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FAQs

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