87 Taylor AveNorwalk, CT 06854

Property Details for 87 Taylor Ave

Year built

1988

Construction

STEEL FRAME

Lot size

0.46 AC

Property size (Sq ft)

7,788 SF

Zone code

B2

Property type

Office properties

Property subtype

Office buildings

APN

NORW M:2 B:2 L:18

APU

NORWM2B2L18

Description

This exceptional 7,788-square-foot industrial property at 87 Taylor Avenue in Norwalk, Connecticut, presents a unique investment opportunity. The building, constructed in 1988, is situated on a generous 4.6 acres of land and is zoned NB. Currently, 2,630 square feet of space is available for lease as a single tenant occupancy. This portion of the building features an 8' x 10' overhead door, providing convenient access for large equipment and materials. The space is further enhanced by a kitchenette and a half-bathroom, adding to its functionality and appeal. The property's location in Fairfield County offers excellent access to major transportation routes, making it an ideal location for businesses requiring efficient logistics. The asking rent is $19.40 per square foot, or $4,251.83 per month, plus utilities. The property's versatility makes it suitable for a variety of uses, particularly storage facilities and contractor businesses. This is a rare opportunity to secure a well-located, functional industrial space in a thriving Connecticut market. The property's size and features make it an attractive option for businesses seeking to expand or relocate. The ample land provides potential for future expansion or development.

• CAP approach

  CAP return

  Valuation

  6%

  $1,287,589

  6.5%

  $1,188,544

  7%

  $1,103,648

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,017,580

  Geo Method

  $1,017,580

• Alternative Use

  Use

  Valuation

  Residential

  $1,473,794

  Hospitality

  $1,349,988

  Educational

  $1,123,174

  Medical

  $1,161,802

  Retail

  $1,747,159

Location Insight

City

Norwalk

County

Fairfield

State

Connecticut

Latitude

41.1022

Longitude

-73.4292

CBSA code

14860

CBSA name

BRIDGEPORT-STAMFORD-NORWALK, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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