83 Washington Street
Norwalk, Connecticut

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.

Listing Courtesy of William Raveis Real Estate