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24 Belden Ave
Norwalk, CT 06850

$7,125,000 USD

Office Condo For Sale  •  47,500 SF

Property Details

  • Property Type Office
  • Total Building Size 47,500 SF
  • Lot Size 1.46 AC
  • Building Class B
  • Year Built 1975
  • Cap Rate 7.72 %
  • Tenancy Multiple
  • Zoning CD-4
54 Transit Score
87 Walk Score

1 Unit Available

Name Condo Use Size Price Details
2nd Floor - Unit 2 Medical Office 47,500 SF $7,125,000 USD
  • Unit Size: 47,500 SF
  • Condo Use: Medical Office
  • Price: $7,125,000 USD
  • Sale Type: Investment or Owner User
  • Price/SF: $150.00 USD
Description
Office portion of an amazing mixed use project with on site parking and across the street from a 500 car public parking garage that is undergoing complete renovation.

The entire area is getting $27.5 million in infrastructure upgrades to sidewalks, lampposts, cross walks, pocket parks, roads, bike lanes etc.

Condo Unit includes 5 floors of office, 1st floor lobby, and lower level lobby at parking garage level.

Sale Notes
Really only looking for owner users to purchase or tenants.
Top 2 floors-5th & 6th as well as 3rd floor are currently available for an owner user.

Building is also for lease. Landlord is willing to build to suit.

Landlord is investing considerable money into the building and neighborhood.

Price is for existing conditions which needs build out on several floors.

Description 

Opportunity to own your own signature office building. Sale does not include the retail floor other than a lobby & hallway to get to elevators & stairs.

Owner willing to consider build out and seller financing for the right user.

Property & surrounding neighborhood undergoing complete revitalization.

Financial Summary

Cap Rate: 7.72 %
Total Expenses: $0 USD

Amenities

  • 24 Hour Access

Public Transportation

Commuter RailDriveWalkDistance
East Norwalk Station (New Haven Line - Metro-North Commuter Railroad Company (Metro-North)) 2 min - 1.5 mi
South Norwalk Station (New Haven Line - Metro-North Commuter Railroad Company (Metro-North)) 3 min - 1.7 mi
AirportDriveWalkDistance
Westchester County 33 min - 22.1 mi
Tweed/New Haven 54 min - 36.9 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 500
Type: Surface
Included in Rent: Yes
Jason Milligan 203-981-2300 Milligan realty
Jason Milligan 203-981-2300 Milligan realty