Price Reduced 9.09%
Price History
$875,000
9/27/2025
$795,501
10/20/2025
83 Washington Street, #1D, Norwalk, (SONO), CT, 06854
0 beds
2 Half baths
1984
1,764 sqft
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.
Status:
Active
Town:
Norwalk
Type:
Commercial
Units:
29
Zoning:
WSDD
Frontage:
Paved Road
Heating:
Hot Air
Cooling:
Central Air
Common Charge:
$988 Monthly
Est. Taxes:
$6,480
Assessment
$312,540
HOA Fee
$988
Current Use
Liquor and Cigar Store
Utilities
Electric
Lot Description:
N/A
Days on Market:
68
MLS #:
24129130