9 Mott AveNorwalk, CT 06850

Property Details for 9 Mott Ave

Year built

1973

Construction

STEEL FRAME

Property size (Sq ft)

1,176 SF

Zone code

CBDB

Property type

Office properties

APN

NORW M:1 B:26 L:30-1-4

APU

NORWM1B26L3014

Description

This 1,128 square foot office condo, located at 9 Mott Avenue Unit 207 in Norwalk, Connecticut, presents a compelling investment opportunity. The property is classified as General Commercial and is offered at $175,000. A key advantage is the inclusion of access to three separate parking areas, providing ample parking for staff and clients. The current lease structure offers flexibility, with some leases shorter than others, presenting a potential for owner-occupancy. This allows for immediate use or the ability to transition to full occupancy over time. The building's convenient location within Norwalk adds to its appeal. Furthermore, the seller demonstrates a willingness to explore financing options, making this property accessible to a wider range of potential buyers. This is an excellent chance to acquire a well-situated office condo in a desirable Connecticut market, with the added benefit of potential seller financing. The property's size and parking provisions make it suitable for a variety of commercial uses. The flexible lease terms offer a unique opportunity for immediate income generation and future expansion. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $194,428

  6.5%

  $179,472

  7%

  $166,653

• Comparable approach

  Method

  Valuation

  Relative Method

  $153,656

  Geo Method

  $153,656

• Alternative Use

  Use

  Valuation

  Residential

  $222,545

  Hospitality

  $203,850

  Educational

  $169,601

  Medical

  $175,434

  Retail

  $263,824

Location Insight

City

Norwalk

County

Fairfield

State

Connecticut

Latitude

41.1158

Longitude

-73.4166

CBSA code

14860

CBSA name

BRIDGEPORT-STAMFORD-NORWALK, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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