15 South Street, Norwalk, CT 06854
15 South Street
Norwalk, CT 06854
INVESTMENT OPPORTUNITY:
Fully Leased Industrial/Flex Condominium for Sale at $750,000
Angel Commercial, LLC, acting as the exclusive real estate broker, is pleased to present a prime investment opportunity at 15 South Street in Norwalk, Connecticut. Offered at $750,000, this 3,648 RSF industrial/flex property provides a projected 2027 NOI of $65,000 with an attractive 8.67% cap rate. The asset is fully leased on a Triple Net (NNN) basis. Positioned in a high-demand commercial corridor, the property features two adjacent ground floor garages, and a second floor comprised of 1,824 SF of premium office space.
First Floor: Two Garages/Warehouses
Each 924 RSF garage is heated and features:
- Ceiling Height: 12' clearance
- Loading: 16' W x 10' H drive-in door for seamless vehicle and equipment access
- Power: 200 Amps, Three-Phase
- Amenities: Restroom
Second Floor: 1,824 RSF Office Space
The fully air-conditioned second floor is optimized for professional operations and features:
- Layout: Six private offices (four with natural light) and a large open-concept workspace
- Amenities: Reception area, kitchenette, server room, and two restrooms
Strategic Location & Zoning (CDC-3C)
Zoned General Urban - Corridor Community District (CDC-3C), this property is positioned for maximum accessibility at the intersection of I-95 (Exit 14) and Route 7.
- Regional Connectivity: Reach Greenwich, Stamford, and Bridgeport within 15–20 minutes
- Transit: Less than 0.1 miles to Norwalk Transit bus stop and ±1.2 miles to the South Norwalk Train Station
For more information, please contact Eva Kornreich, Senior Vice President, Angel Commercial, LLC, at (203) 335-6600, Ext. 23.
DOCUMENTS
PROPERTY DETAILSÂ
| FINANCIAL DETAILS | |
| Sale Price: | $750,000 |
| Projected NOI: | $65,000 (2027) |
| Projected Cap Rate: | 8.67% (2027) |
| Common Charges:* | $250/Month (2026) |
| Real Estate Taxes:* | $9,710.68 (2026) |
*Paid by Tenant
| Property Details | |
| Total Size | 3,648 RSF |
| Land: | In Common |
| Zoning: | CDC-3C |
| Year Built: | 2008 |
| Construction: | Clapboard |
| Stories: | Two |
| Tenancy: | Single |
| Features | |
| Parking: | 2 Exterior Spaces, Garaged Spaces, and Street Parking |
| Loading: | 2 Drive-in Doors (16' W x 10' H) |
| Ceiling Height: | 12' (In Garages) |
| Amenities: | Four Restrooms, Kitchenette, Security System |
| Utilities | |
| Water/Sewer: | City/City |
| A/C: | Central Air Conditioning (Second Floor Only) |
| Heating: | Gas |
| Power: | 200 Amps, Three-Phase |
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