55 Westport AveNorwalk, CT 06851

Property Details for 55 Westport Ave

Year built

2000

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

3.82 AC

Property size (Sq ft)

39,494 SF

Zone code

B2

Property type

Retail properties

Property subtype

Retail space

APN

NORW M:1 B:80 L:6

APU

NORWM1B80L6

Description

This exceptional retail opportunity presents a prime 13,890 square foot space within a larger 20,597 square foot shopping center located at 55 Westport Avenue in Norwalk, Connecticut. Situated in Fairfield County, this property boasts a highly desirable location with excellent visibility and accessibility. The entire shopping center consists of a single, large suite, currently offering this significant portion for lease. The available space presents a blank canvas for a variety of retail concepts, allowing for customization to meet specific business needs. Ample parking is provided with 216 spaces readily available for customers and employees. The property's strategic location in Norwalk, CT, offers easy access to major transportation routes and a thriving local community. This is an ideal opportunity for a business seeking a substantial retail presence in a high-traffic area. The property is classified as a shopping center and is categorized as retail space. The zip code is 06851. The geographic coordinates are 41.1221222 latitude and -73.4052498 longitude. This significant space offers a unique chance to establish a strong retail presence in a vibrant Connecticut market. The property is ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $9,598,421

  6.5%

  $8,860,081

  7%

  $8,227,218

• Comparable approach

  Method

  Valuation

  Relative Method

  $13,003,921

  Geo Method

  $13,003,921

• Alternative Use

  Use

  Valuation

  Residential

  $7,473,810

  Hospitality

  $6,845,970

  Educational

  $5,695,766

  Medical

  $5,891,652

  Retail

  $8,860,081

Location Insight

City

Norwalk

County

Fairfield

State

Connecticut

Latitude

41.1222

Longitude

-73.4051

CBSA code

14860

CBSA name

BRIDGEPORT-STAMFORD-NORWALK, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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