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19-21 N Water St 3,288 SF Office/Retail Condo Unit Offered at $1,575,166 CAD in Norwalk, CT 06854

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Investment Highlights

Long glass front
Walkable to 1000's of residents
2004 construction so not much to go wrong here. No roof to worry about, office condo above.

High Ceilings
Attractive cap rate.
Association takes care of cleaning windows and side walks (tenant pays)

Executive Summary

Spectacular space on busy North Water Street. Many, many residential units in the immediate area. Maritime Aquarium across the street. Currently fit out as a restaurant but could be any retail or professional office. Floor to ceiling windows along entire front.

1 Unit Available

Unit 1

Unit Size	3,288 SF	Sale Type	Investment or Owner User
Price	$1,575,166 CAD	Cap Rate	8.24%
Price Per SF	$479.07 CAD	NOI	$129,848.51 CAD
Condo Use	Office/Retail

Unit Size	3,288 SF
Price	$1,575,166 CAD
Price Per SF	$479.07 CAD
Condo Use	Office/Retail
Sale Type	Investment or Owner User
Cap Rate	8.24%
NOI	$129,848.51 CAD

Description

Spectacular space on busy North Water Street. New 5 year lease with options. Many, many residential units in the immediate area. Maritime Aquarium across the street. Restaurant lease. Great location, solid operator.

Sale Notes

3288 SF space is a ground floor retail condo in a development which includes a large municipal parking garage.

Entrance

Interior

1 of 2

Videos

Matterport 3D Exterior

Matterport 3D Tour

Photos

Street View Street

Map

19-21 N Water St, Norwalk, CT 06854 - Unit 1 - - Interior Photo - Image 1 of 2 — Entrance

19-21 N Water St, Norwalk, CT 06854 - Unit 1 - - Interior Photo - Image 2 of 2 — Interior

Property Facts

The following property facts apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.

Total Building Size	6,576 SF	Typical Floor Size	3,288 SF
Property Type	Retail (Condo)	Year Built	2004
Property Subtype	Storefront Retail/Office Office Medical	Lot Size	0.23 AC
Building Class	B	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Floors	2
Zoning	RPDD - Retail/Office

Total Building Size	6,576 SF
Property Type	Retail (Condo)
Property Subtype	Storefront Retail/Office Office Medical
Building Class	B
Floors	2
Typical Floor Size	3,288 SF
Year Built	2004
Lot Size	0.23 AC
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	RPDD - Retail/Office