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275 East Avenue
Norwalk, CT 06855
Asking Price
$1.80M
Asset Type
Flex Retail
Class
Class B
What's Special
Potential Redevelopment <p><span style="color: rgba(33, 31, 31, 1)">275 East Avenue presents one of the most compelling small-scale waterfront redevelopment plays currently available in Fairfield County. The 0.21± acre site is improved with a two-story, 7,376± sq ft former industrial/office building (built 1890) and approximately 6,480 sq ft of paved area. The property's true differentiator is its direct water frontage. Few sites in the Norwalk market offer this combination of buildable acreage, residential zoning, and
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NOI
$80,000
Cap Rate
4.45%
DSCR
0.75
Underwater
Cash-on-Cash
-4.97%
Monthly Payment
$8,900.47
Annual Cash Flow
$-26,805.645
