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24 Belden Ave
Norwalk, CT 06850 Downtown Norwalk

$5,250,000 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 10.48 %
  • 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 $5,250,000 USD
  • Unit Size: 47,500 SF
  • Condo Use: Medical Office
  • Price: $5,250,000 USD
  • Sale Type: Investment or Owner User
  • Price/SF: $110.53 USD
Description
Office portion of an amazing mixed use project with on site parking and a 500 car public parking garage across the street.

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

Sale includes just the office tower which includes 5 floors of office, 1st floor lobby, and lower level lobby at parking garage level, 2 elevators & 2 stairwells.

Sale Notes
Looking for owner users to purchase.
Top 2 floors-5th & 6th as well as 3rd floor are currently available for a total of almost 28K SF.

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

Price is for existing conditions which needs build out on several floors. 2 new elevators have been ordered with delivery & install scheduled for the summer.

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.

Highlights

Seller financing available

Financial Summary

Cap Rate: 10.48 %
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