26 Fitch StNorwalk, CT 06855

Property Details for 26 Fitch St

Year built

1950

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.58 AC

Property size (Sq ft)

14,960 SF

Zone code

I1

Property type

Other commercial real estate

Property subtype

Showrooms

APN

NORW M:3 B:15 L:24

APU

NORWM3B15L24

Description

This exceptional 1,247-square-foot single-tenant flex space at 26 Fitch Street in Norwalk, Connecticut, presents a unique opportunity for businesses seeking a versatile and conveniently located property. Built in 1950, this one-story building offers a 9-foot ceiling height and is zoned SD-LI. The property features ample parking, a significant advantage for employees and clients. A key feature is the inclusion of one loading dock, perfect for efficient loading and unloading of goods, complemented by a double door for truck access. The space is currently vacant and ready for immediate occupancy. Its excellent condition is highlighted by abundant natural light from numerous windows. The asking price is $20.00 per square foot, triple net ($3.00 NNN). This location boasts exceptional accessibility, situated just off Exit 16 of I-95, providing easy access to major highways. Furthermore, its proximity to the East Norwalk Train Station and a bus route enhances its appeal for employees and customers utilizing public transportation. The property is located in Fairfield County, Connecticut, with the full address being 26 Fitch Street, Norwalk, CT 06855. This versatile space is suitable for a variety of uses, including flex warehouse, flex office, or retail operations.

• CAP approach

  CAP return

  Valuation

  6%

  $3,635,802

  6.5%

  $3,356,125

  7%

  $3,116,402

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,925,778

  Geo Method

  $4,925,778

• Alternative Use

  Use

  Valuation

  Residential

  $2,831,017

  Hospitality

  $2,593,196

  Educational

  $2,157,509

  Medical

  $2,231,709

  Retail

  $3,356,125

Location Insight

City

Norwalk

County

Fairfield

State

Connecticut

Latitude

41.1055

Longitude

-73.4015

CBSA code

14860

CBSA name

BRIDGEPORT-STAMFORD-NORWALK, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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