10 Commerce Street, Norwalk, CT, 06850
6 beds
4 Full / 1 Half baths
1880
5,512 sqft
Historic 1880’s Cigar factory formerly known as “The Hour Press”. Opportunity zone (Qualifies for 30% historic tax credit & a 20% federal tax credit) - situated between a current large scale economic development project. Also, qualifies for the City of Norwalk "Storefront Improvement Program". Building is cleared/cleaned out. Recently featured on the History Channel. Planning & Zoning approved. First floor storefront retail with exposed brick and 13ft ceilings, (full basement with 7ft ceilings). Second floor offers exposed brick, 10ft ceilings and two residential apartments. Third floor provides exposed brick, 13ft ceilings and two residential apartments. Current market rents may yield: 1st floor Retail: $5,000 - $7,000. 2nd Floor: 1 Bedroom: $2,200. 2 Bedroom: $2,400. 3rd Floor: 1 Bedroom: $2,200. 2 Bedroom: $2,400. Total: $14,200mo./$16,200 $170,400/$194,400 a year. Annual RE Taxes: $9,467. Rare opportunity in the Wall Street neighborhood. To be sold AS-IS. Owner/Agent.
Status:
Under Contract
Type:
Commercial
Units:
5
Zoning:
CBDA
Frontage:
Paved Road
Garage:
On Street Parking
Heating:
No Heat
Cooling:
None
Acreage:
0.07
Est. Taxes:
$9,467
Assessment
$377,380
Utilities
Electric,Gas,Telephone,Cable
Lot Description:
N/A
Days on Market:
97
MLS #:
170618336
Community Info
School Info
Walk Score
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Listing courtesy of Gloria Dillard, Keller Williams Realty Email: gdillard@kw.com