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
- Ben Keeney
- View website
- 203-313-0013
- 866-886-0013
-
-
Mortgage Calculator
Contact Agent



