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666 Main Ave - Town Line Shopping Center 1,972 SF Retail Condo Unit Offered at $1,256,328 CAD in Norwalk, CT 06851
INVESTMENT HIGHLIGHTS
- Heavy Daytime Traffic all equipment is owned -wine and beer license -35,000 CPD traffic
- dense area population during both daytime and evenings
- easy access to both merritt parkway and I-95
- -high capacity chef designed kitchen
- 20 foot hood -ample parking -generous storage
EXECUTIVE SUMMARY
This meticulously maintained and exquisitely appointed commercial condo can be owner occupied or purchased with a lease in place as an investment property. Below are just a few of the properties many features. -easy access to both merritt parkway and I-95 -fast casual banquet and table seating -full basement, approved for prep kitchen -all equipment is owned -wine and beer license -35,000 CPD traffic -20 foot hood -ample parking -generous storage -traffic light at entrance/exit -covered outdoor seating -dense area population during both daytime and evenings -high capacity chef designed kitchen -numerous additional bells and whistles PRICE DOES NOT INCLUDE BUSINESS ASSETS. PLEASE INQUIRE FOR MORE INFORMATION
PROPERTY FACTS
| Total Building Size | 60,505 SF | Typical Floor Size | 20,000 SF |
| Property Type | Retail (Condo) | Year Built | 1989 |
| Property Subtype | Storefront Retail/Office | Lot Size | 2.00 AC |
| Building Class | B | Parking Ratio | 25.35/1,000 SF |
| Floors | 3 | ||
| Zoning | CD-3C - General Urban Corridor Community District (CD-3C) | ||
| Total Building Size | 60,505 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront Retail/Office |
| Building Class | B |
| Floors | 3 |
| Typical Floor Size | 20,000 SF |
| Year Built | 1989 |
| Lot Size | 2.00 AC |
| Parking Ratio | 25.35/1,000 SF |
| Zoning | CD-3C - General Urban Corridor Community District (CD-3C) |
AMENITIES
- Property Manager on Site
- Pylon Sign
- Signage
1 UNIT AVAILABLE
Unit 10
| Unit Size | 1,972 SF | Sale Type | Investment |
| Price | $1,256,328 CAD | Cap Rate | 8.00% |
| Price Per SF | $637.08 CAD | NOI | $100,506.24 CAD |
| Condo Use | Retail |
| Unit Size | 1,972 SF |
| Price | $1,256,328 CAD |
| Price Per SF | $637.08 CAD |
| Condo Use | Retail |
| Sale Type | Investment |
| Cap Rate | 8.00% |
| NOI | $100,506.24 CAD |
SALE NOTES
EASY ACCESS TO BOTH I-95 AND MERRITT PARKWAY$72,000.00 PER ANNUM NET INCOME
1972 +/- SF COMMERCIAL CONDO UNIT
FULL NNN LEASE
35,000 CPD TRAFFIC
ALL IMPROVEMENTS REMAIN PROPERTY OF LANDLORD TENANT RESPONSIBLE FOR ALL MAINTENANCE DENSE POPULATION IN AN AREA OF RAPID GROWTH 10 YEAR LEASE AT MARKET RATE
LIKE NEW RENOVATION
A+++ INFRASTRUCTURE
NEARBY MAJOR RETAILERS
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666 Main Ave - Town Line Shopping Center
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