26 Stuart AveNorwalk, CT 06850

Property Details for 26 Stuart Ave

Year built

1972

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.11 AC

Property size (Sq ft)

6,296 SF

Zone code

D

Property type

Showrooms

APN

NORW M:1 B:2 L:2

APU

NORWM1B2L2

Description

This exceptional 6,296 square foot general commercial warehouse, situated on a 0.11-acre lot at 26 Stuart Avenue in Norwalk, CT, presents a compelling investment opportunity. Its prime location offers unparalleled convenience, boasting easy access to major highways, ensuring seamless transportation of goods and efficient logistics. The property features a functional layout, including a spacious open floor plan on the first floor, perfect for various warehousing and storage needs. Three drive-in doors facilitate effortless loading and unloading, significantly improving operational efficiency. The inclusion of a loading dock further enhances the property's logistical capabilities, providing a sheltered area for loading and unloading operations. Two separate staircases provide convenient access to the second floor, offering additional space for office areas, storage, or other operational needs. The property also benefits from access to a covered dock, offering protection from the elements during loading and unloading. A manual forklift is included, adding to the property's operational readiness. This well-maintained warehouse is ready for immediate occupancy and represents a significant opportunity for businesses seeking a strategically located and functional space to support their operations. The asking price is $850,000. This property is an excellent choice for businesses seeking a versatile and efficient warehouse space in a highly desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,530,148

  6.5%

  $1,412,444

  7%

  $1,311,555

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,073,041

  Geo Method

  $2,073,041

• Alternative Use

  Use

  Valuation

  Residential

  $1,191,450

  Hospitality

  $1,091,361

  Educational

  $908,000

  Medical

  $939,227

  Retail

  $1,412,444

Location Insight

City

Norwalk

County

Fairfield

State

Connecticut

Latitude

41.1075

Longitude

-73.4234

CBSA code

14860

CBSA name

BRIDGEPORT-STAMFORD-NORWALK, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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