165-167 Main Street
Norwalk, Connecticut

Description:

A rare, high-impact investment opportunity in the heart of Norwalk offering immediate income, exceptional visibility and outstanding value-add potential. Well maintained, 165-167 Main Street features 1 Commercial and 1 mixed-use building on a prominent corner along one of Norwalk's heavily traveled commercial corridors, with 14,000+ vehicles per day and easy access to Route 7. Commercial tenants include Taste of Brazil and Minuteman Press, with Minuteman Press occupying two separate commercial spaces with split utilities, providing flexibility for up to three commercial businesses. The 2 residential apartments are well appointed with tall ceilings and generous storage space. A 1 Bed/1 Bath and 1 Studio/1 Bath with full attic and potential expansion. Major future upside: conceptual plans have been created for 8 additional apartments above the Minuteman Press building. 20 rear parking spaces with asphalt replaced just 4 years ago. Roof apx 8-10 years old, furnace apx 8 years old, and exterior and gutters completed apx 3 years ago. The corner parcel and parking area may offer further expansion possibilities, subject to approvals. A compelling combination of existing income, multiple revenue streams and significant development potential. A must-see investment opportunity!

Listing Courtesy of Keller Williams Realty