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Executive Summary

Exceptional investment opportunity offering flexible residential and commercial potential in highly developing South Norwalk, CT. Located in the SD-LI (Special Development - Light Industrial) District, this property supports a wide range of permitted uses including light manufacturing, contractor operations, warehousing, distribution, research and development, automotive-related services, flex space, and other commercial or mixed-use possibilities (subject to local approvals). Positioned on a generous 0.37-acre parcel with direct access from South Main Street, the property benefits from strong visibility, easy accessibility, and high functional utility-ideal for owner-users, developers, or investors seeking income-producing or redevelopment potential. The lot is level, dry, and not located in a flood zone, significantly reducing development risk and insurance costs while enhancing long-term value. With its prime location in rapidly growing South Norwalk, flexible zoning, and solid site characteristics, this property presents a rare opportunity to capitalize on increasing demand and unlock multiple value-add scenarios. All inspections will be for informational purposes ONLY, "subject to" inspections offers will not be considered, buyer will accept in "as-is" condition. Buyers to do their due diligence and check with planning and zoning for potential use of property. Buyers will accept tenants in place.

Property Facts

Price $2,834,400 CAD
Price Per Unit $2,834,400 CAD
Sale Type Investment
No. Units 1
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class C
Lot Size 0.37 AC
Building Size 4,554 SF
Average Occupancy 70%
No. Stories 2
Year Built 1900
Parking Ratio 2.2/1,000 SF
Opportunity Zone Yes
Zoning I1 - Industrial

Amenities

Unit Amenities

  • Eat-in Kitchen
  • Hardwood Floors
  • Basement
  • Deck

Site Amenities

  • 24 Hour Access

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 1 - -
Moderately walkable
60/100
Exceptionally drivable
90/100
Good public transit
70/100
Fairly bikeable
40/100

Property Taxes

Property Taxes

Parcel Number
NORW-000002-000079-000004
Land Assessment
$171,269 CAD
Improvements Assessment
$829,133 CAD
Total Assessment
$1,000,401 CAD
  • Listing ID: 41237967

  • Date on Market: 2026-07-10

  • Last Updated:

  • Address: 122 S Main St, Norwalk, CT 06854

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