231 Wilson AveNorwalk, CT 06854

Property Details for 231 Wilson Ave

Year built

1919

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.51 AC

Property size (Sq ft)

9,573 SF

Zone code

RI

Property type

Showrooms

APN

NORW M:5 B:83 L:1

APU

NORWM5B83L1

Description

This exceptional 19,419-square-foot industrial property in Norwalk, Connecticut, presents a unique owner-user opportunity. Located at 231 Wilson Ave, 06854, this Fairfield County property sits on a 1.51-acre lot and offers versatile space suitable for warehouse, distribution, manufacturing, or flex uses. Built in 1919, the building features a 14-foot clear ceiling height on the first floor and 12 feet on the second. The property includes two overhead doors and a potential loading dock, enhancing operational efficiency. Priced at $5,250,000, this property also offers lease options at $16.00 per square foot, triple net, with additional triple net expenses of $2.88 per square foot. This prime location in Norwalk provides excellent access to major transportation routes, making it an ideal choice for businesses seeking a strategic base of operations. The property's size, features, and location combine to create a compelling investment opportunity. Don't miss this chance to acquire a well-situated industrial property with significant potential.

• CAP approach

  CAP return

  Valuation

  6%

  $2,326,573

  6.5%

  $2,147,606

  7%

  $1,994,206

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,152,036

  Geo Method

  $3,152,036

• Alternative Use

  Use

  Valuation

  Residential

  $1,811,586

  Hospitality

  $1,659,403

  Educational

  $1,380,604

  Medical

  $1,428,085

  Retail

  $2,147,606

Location Insight

City

Norwalk

County

Fairfield

State

Connecticut

Latitude

41.0779

Longitude

-73.4256

CBSA code

14860

CBSA name

BRIDGEPORT-STAMFORD-NORWALK, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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