112 Main StNorwalk, CT 06851

Property Details for 112 Main St

Year built

1912

Construction

STEEL FRAME

Lot size

3.28 AC

Property size (Sq ft)

51,568 SF

Zone code

B2

Property type

Retail properties

Property subtype

Super regional malls

APN

NORW M:1 B:77 L:2A

APU

NORWM1B77L2A

Description

This exceptional industrial property, located at 112 Main Street in Norwalk, Connecticut (Fairfield County, zip code 06851), offers a versatile space ideal for manufacturing, warehousing, distribution, or flex uses. The single-tenant building, totaling 54,789 square feet, boasts 3,600 square feet of immediately available space. Constructed in 1950 and extensively renovated in 2022, the property features a 16-foot ceiling height, providing ample vertical space for various operational needs. Access is facilitated by twelve dock-high doors and one loading dock, ensuring efficient loading and unloading of goods. Ample parking is available with 204 spaces. The property is conveniently situated near the intersection of Main Street and West Main Street. The asking rent is $17.00 per square foot, triple net, with additional triple net charges of $4.50 per square foot. The building previously housed a sheet metal fabrication shop and offers 400 AMP electrical service. This well-maintained property presents a unique opportunity for businesses seeking a functional and strategically located industrial space in the thriving Norwalk market. The property is situated at 41.1339818 latitude and -73.4062342 longitude.

• CAP approach

  CAP return

  Valuation

  6%

  $12,532,824

  6.5%

  $11,568,761

  7%

  $10,742,421

• Comparable approach

  Method

  Valuation

  Relative Method

  $16,979,444

  Geo Method

  $16,979,444

• Alternative Use

  Use

  Valuation

  Residential

  $9,758,683

  Hospitality

  $8,938,901

  Educational

  $7,437,060

  Medical

  $7,692,832

  Retail

  $11,568,761

Location Insight

City

Norwalk

County

Fairfield

State

Connecticut

Latitude

41.1233

Longitude

-73.4148

CBSA code

14860

CBSA name

BRIDGEPORT-STAMFORD-NORWALK, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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