84 West Avenue

84 West Ave, Norwalk, CT 06854

  • For Sale Contact for pricing
  • Property Type Other
  • Property Size 90,098 SF
  • Lot Size 0.77 Acre
  • Additional Rent Contact for pricing
  • Year Built 1920
  • Date Updated Oct 30, 2024

Angel Commercial, LLC, as the exclusive real estate broker, is pleased to present an exceptional redevelopment opportunity at 84 West Avenue, a prominent three-story mixed-use building nestled on a 0.77-acre lot in the vibrant heart of South Norwalk, CT. This 9,098 SF building, boasting 11 apartments and 2 office suites, is strategically located directly across from “The SoNo Collection,” an upscale shopping destination, offering unmatched visibility with 150 linear feet of frontage on West Avenue.

 

Sale Overview:

The property was purchased by the current owner in 1994, who spent 20 months on extensive renovations, including mechanical updates. The owner believes that recently revised zoning regulations have expanded the scope and potential uses of the property. Now, at 70 years old, the owner is offering the property to a developer who can leverage the new zoning classification.

 

Key Property Highlights:

 

Strategic Location: Situated within walking distance of the South Norwalk Train Station and mere minutes from I-95 and Route 7, this property is perfectly positioned for commuters and visitors alike. The area is brimming with amenities, including renowned restaurants, banks, hotels, and retail stores, all within a short stroll. Nearby attractions including the Maritime Aquarium and Stepping Stones Museum further enhance its appeal.

Strong Income Potential: With a Projected 2024 Net Operating Income (NOI) of $105,000 and a low 3% vacancy rate, this property presents a rare opportunity for immediate rental income. Most tenants are on month-to-month leases, while three have leases expiring in August 2025, providing the new owner with flexibility as they await approval for development plans from the town’s zoning and planning committee.

Tenant Convenience: The building is equipped with individual gas boilers for eight units, while the remaining units utilize electric power. Tenants enjoy the convenience of onsite laundry facilities and ample parking for approximately 25 vehicles. The sole commercial tenant, Durango Insurance, occupies the ground floor.

Redevelopment Potential: Meticulously maintained by long-term ownership, 84 West Avenue stands as a solid investment in one of South Norwalk’s most desirable locations. The property's proximity to The SoNo Collection, a 700,000+ square foot mall anchored by Bloomingdale’s and Nordstrom, underscores its prime redevelopment potential.

Offering Details:

This is a sealed bid offering, with a submission deadline set for Tuesday, November 12, 2024, at 5 PM EST. Don’t miss this unparalleled opportunity to acquire a prime asset in a thriving market, with the potential for significant future return. For more information, please contact Jon Angel, President, Angel Commercial, LLC, at (203) 335-6600, Ext.​ 21.

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Contacts

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Jon Angel Is this you?

Angel Commercial

Location

Getting Around

  • Walk Score ®

    84/100 Very Walkable
  • Transit Score ®

    56/100 Good Transit
  • Bike Score ®

    52/100 Bikeable
Powered by Walk Score ®
  • City Norwalk, CT
  • Neighborhood South Norwalk
  • Zip Code 06854
  • Market Bridgeport New Haven

Points of Interest

  • South Norwalk

    0.63 miles

  • Westport

    2.75 miles

  • Merritt 7

    2.93 miles

  • Talmadge Hill

    4.13 miles

  • New Canaan

    4.88 miles

  • Green's Farms

    5.63 miles

  • Glenbrook

    5.69 miles

  • Amtrak Metro North Taxi Stand

    7.46 miles

  • Cannondale

    7.78 miles

  • Old Greenwich

    9.14 miles

  • Mobil

    0.42 miles

  • Shell

    0.80 miles

  • Global

    1.20 miles

  • Cumberland Farms

    1.38 miles

  • Shell Express

    2.16 miles

  • Tesla Supercharger

    2.72 miles

  • Maritime Garage

    0.26 miles

  • Ironworks Garage

    0.39 miles

  • Haviland Lot

    0.45 miles

  • Ambulance Parking

    0.52 miles

  • South Norwalk Station Parking Garage

    0.65 miles

  • Connecticut Park and Ride

    0.71 miles

  • Courthouse Employee Parking

    0.89 miles

  • Government Vehicles Only

    0.90 miles

  • Handicapped Parking

    0.93 miles

  • Yankee Doodle Garage

    0.98 miles

  • The Guest House at Norwalk Inn

    1.07 miles

  • Norwalk Inn and Conference Center

    1.09 miles

  • DoubleTree

    1.93 miles

  • Norwalk-Westport Motel

    2.03 miles

  • Garden Park Motel

    2.08 miles

  • Econo Lodge Norwalk

    2.34 miles

  • Hotel Zero Degrees Norwalk

    2.41 miles

  • Extended Stay America - Norwalk - Stamford

    2.74 miles

  • EVEN Hotel Norwalk

    2.93 miles

  • Courtyard Norwalk

    3.31 miles

  • Dunkin'

    0.23 miles

  • Arepas

    0.25 miles

  • Cascade Cafe

    0.27 miles

  • Mama's Boy

    0.28 miles

  • Bambu Hibachi

    0.38 miles

  • Washington Prime

    0.44 miles

  • SoNo Harbor Deli & Cafe

    0.50 miles

  • Sedona Taphouse

    0.53 miles

  • Colony Grill

    0.53 miles

  • Riko's Pizza

    0.72 miles

  • International Beauty Academy

    0.24 miles

  • Washington Elementary School

    0.37 miles

  • Benjamin Franklin Middle School

    0.44 miles

  • Side by Side Charter School

    0.66 miles

  • Columbus School

    0.76 miles

  • Jefferson School

    0.81 miles

  • Kendall School

    1.12 miles

  • Marvin School

    1.14 miles

  • Center School

    1.23 miles

  • Brookside School

    1.25 miles

  • FCC Nursery School

    2.79 miles

  • Landmark Preschool (Westport Campus)

    3.60 miles

  • Grace Daycare and Learning Center

    7.60 miles

  • Children's Learning Centers of Fairfield County

    8.10 miles

  • Early Advantage

    8.83 miles

Frequently Asked Questions

How much does 84 West Avenue cost?

The sale price for 84 West Avenue is available upon request. Contact the listing broker for more information.

What is the total square footage of 84 West Avenue?

84 West Avenue totals 90,098 square feet.

When was this property built?

84 West Avenue was built in 1920.

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Contact Listing Broker

broker

Jon Angel Is this you?

Angel Commercial