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19-21 N Water St 3,288 SF Office/Retail Condo Unit Offered at $1,150,000 in Norwalk, CT 06854
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
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment or Owner User | Cap Rate | 8.24% |
| Sale Type | Investment or Owner User |
| Cap Rate | 8.24% |
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.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 1 | 3,288 SF | Office/Retail | $1,150,000 ($349.76/SF) | $94,800 |
Unit 1
| Unit Size |
| 3,288 SF |
| Condo Use |
| Office/Retail |
| Price |
| $1,150,000 ($349.76/SF) |
| NOI |
| $94,800 |
1 of 2
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Unit 1
| Unit Size | 3,288 SF |
| Condo Use | Office/Retail |
| Price | $1,150,000 ($349.76/SF) |
| NOI | $94,800 |
| Sale Type | Investment or Owner User |
| Cap Rate | 8.24% |
| 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.</li></ul> | |
| Sale Notes | |
| 3288 SF space is a ground floor retail condo in a development which includes a large municipal parking garage.</li></ul> |
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.
Fairly walkable
50/100
Exceptionally drivable
90/100
Good public transit
60/100
Fairly bikeable
50/100
Major Tenant Information Click Here to Access
| TENANT | SF Occupied | LEASE END DATE |
|---|---|---|
| Middlesex Cianbro |
-
|
Jan 0000
|
| Mama's Boy Southern Table |
-
|
Jan 0000
|
Nearby Major Retailers
1 of 12
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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19-21 N Water St
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