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54-60 S Main St
3,158 SF of Retail Space Available in Norwalk, CT 06854
Highlights
- In the center of multiple developments
- Extremely close proximity to all shops and restaurants
- Walking distance to Metro North Station
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 3,158 SF | Negotiable | $31.00 /SF/YR $2.58 /SF/MO $97,898 /YR $8,158 /MO | Modified Gross |
1st Floor
Well established and fully equipped restaurant in the historic district of South Norwalk. This business has been operating for 10 years and offers an exceptional opportunity for a new owner to bring their own vision to life. While the sale does not include the existing name and brand, it provides a canvas with great bones for rebranding and creative transformation. The main floor features plenty of indoor seating, a full bar, and a cashier area for ease of take-out orders. The basement boasts an additional 1,500 square feet dedicated to bakery and prep areas. This versatile space could also be adapted for a catering business, an upside to the business plan. There is also potential for an outdoor patio in the rear. Asking price is $475,000 for the business, seller financing may be available.
- Listed rate may not include certain utilities, building services and property expenses
- Fully Built-Out as a Restaurant or Café Space
- Located in-line with other retail
- Space is in Excellent Condition
- Fully fit-out
- Upside potential
- Ample lower level space
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS FOR 54-60 S Main St , Norwalk, CT 06854
| Property Type | Retail | Gross Leasable Area | 24,710 SF |
| Property Subtype | Storefront Retail/Residential | Year Built/Renovated | 1903/2020 |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Residential |
| Gross Leasable Area | 24,710 SF |
| Year Built/Renovated | 1903/2020 |
About the Property
The restaurant is positioned in the vibrant heart of SoNo, offering unmatched visibility and accessibility. Its proximity to I-95 and Route 7 ensures convenient access for both employees and customers. South Norwalk has experienced substantial revitalization, with hundreds of new apartments being constructed annually. The area is also witnessing the development of storage facilities, retail spaces, office complexes, and more. Enhancing the neighborhood's energy is The SoNo Collection, a modern shopping destination catering to today’s consumer with an impressive selection of retail options, state-of-the-art amenities, and diverse dining experiences, all within a stylish, contemporary setting. Additionally, the Marriott is expanding with a significantly larger property and parking garage next to the existing Marriott Residence Inn, directly across from the restaurant.
- Bus Line
- Signage
Nearby Major Retailers
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54-60 S Main St
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