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542 West Ave 5,775 SF 41% Leased Retail Building Norwalk, CT 06850 $2,722,044 CAD ($471.35 CAD/SF)

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EXECUTIVE SUMMARY

3-store corner retail property in an area replete with new upscale multifamily rental properties. Great visibility. Signalized intersection. 3,500 SF vacant for owner-occupant or new tenant. Liquor store and barber shop leased. For the investor the proforma cap rate would be 7.5% after lease up at $22/SF NNN. Clean phase LI and II. Newer roof, solid construction. Come tour and make an offer!

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
5,775 SF
Building Class
C
Year Built
1940
Price
$2,722,044 CAD
Price Per SF
$471.35 CAD
Percent Leased
41%
Tenancy
Multiple
Building Height
1 Story
Building FAR
1.00
Lot Size
0.13 AC
Opportunity Zone
Yes
Zoning
CBDB - General business district, typical retail applications
Frontage
78’ on West Ave

AMENITIES

  • Corner Lot

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • POSITION
  • AVAILABLE
  • 1st Floor
  • 3,400 SF
  • Retail
  • -
  • Now

Long time dry cleaners now retired. Space in shell condition. Great visibility. Good price. Property also for sale. Includes barber and liquor store adjacent.

Space Size Space Use Position Available
1st Floor 3,400 SF Retail - Now

1st Floor

Size
3,400 SF
Space Use
Retail
Position
-
Available
Now

1st Floor

Size 3,400 SF
Space Use Retail
Position -
Available Now

Long time dry cleaners now retired. Space in shell condition. Great visibility. Good price. Property also for sale. Includes barber and liquor store adjacent.

Walk Score®
Walker's Paradise (90)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

NEARBY MAJOR RETAILERS

Key Food
Fairfield County Bank
The YMCA
Goldfish Swim School
Chase Bank
D1 Sports Training
Duchess Restaurant
Starbucks
Webster Bank
KeyBank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
NORW-000001-000020-000039
Land Assessment
$343,710 CAD
Improvements Assessment
$410,234 CAD
Total Assessment
$753,944 CAD
  • Listing ID: 37346032

  • Date on Market: 2025-08-20

  • Last Updated:

  • Address: 542 West Ave, Norwalk, CT 06850

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