Properties

Property Description

Prime investment opportunity in the heart of SoNo! This 1,764 sq. ft. ground-floor retail space offers a 7.9% CAP rate with a strong, long-term tenant in place. The existing business-a liquor store with humidor and cigar shop-has 11 years remaining on a triple-net lease, with rent escalations built in. Tenant pays all expenses, including HOA, making this property truly turn-key and cash-flowing. Features include a private entrance, large display windows, an in-unit bathroom, and a full broom-clean basement for storage. Located on vibrant Washington Street, the property is surrounded by over 1,000 new residential units, the SoNo Collection Mall, Maritime Aquarium, train station, Residence Inn by Marriott, shops, restaurants, and entertainment venues. Walk to Norwalk Harbor or enjoy easy access to I-95, Route 7, and the Merritt Parkway. Situated in both the Norwalk Enterprise Zone and Opportunity Zone, this location also offers significant tax and investment advantages. A rare chance to own a stable, income-producing asset in one of Fairfield County’s most dynamic neighborhoods.

Features
Heating System:
Hot Air
Cooling System:
Central Air
Heat Fuel Type:
Electric
Handicap Features:
Ramps
Fireplaces Total:
0
Parking Total Spaces:
0
Location:
Downtown
Lot Description:
N/a
Water Source:
Public Water Connected
Address Map
Street:
Washington
Street Number:
83
Floor Number:
0
Longitude:
W74° 34′ 55.2”
Latitude:
N41° 5′ 57.2”
MLS Addon
Office Name:
William Raveis Real Estate
Agent Name:
Joe Balestriere
List Agent MLSID:
17209
List Office MLSID:
RAVE100
Tax Year:
July 2025-June 2026
Directions:
Use GPS
HOA Fee Amount:
$988
HOA Fee Frequency:
Monthly
Parcel Number:
232796
Property Tax:
$6,480
Unit Number:
1D
Zoning:
WSDD

Commercial For Sale

83 Washington, Norwalk, 06854

0 Bedrooms
0 Bathrooms
1,764 Sqft
$795,501
Listing ID #24129130
Basic Details
Property Type :
Commercial For Sale
Listing Type :
For Sale
Listing ID :
24129130
Price :
$795,501
Bedrooms :
0
Baths Total :
2
Bathrooms :
0
Half Bathrooms :
2
Square Footage :
1,764 Sqft
Year Built :
1984
Lot Area :
0 Acre
City:
Norwalk
Zipcode:
06854
Agent info
RE/MAX Right Choice
43 South Main Street, Newtown CT 06470
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