This story was updated to correct the headline to reflect the figure as net operating income.
NORWALK – The renovated 19-unit SONO Lodges commercial and residential property in downtown SONO has been listed for $4.8 million, according to the listing real estate broker Horvath & Tremblay.
The multi-story buildings at 68-70 S. Main St. are made up of 12 commercial units and 7 residential units, with 22,476 square feet of gross leasable area and 24,004 square feet of gross building area. The residential units include 3 two-bedroom/one-bathroom units, 2 two-bedroom/1.5-bathroom units, 1 three-bedroom/two-bathroom unit, and 1 two-bedroom/four-bathroom unit.
The property is situated upon a 0.26-acre parcel and offers surface parking on-site, with reserved spaces in a municipal lot also available.
The listing lists the rent at $214 per square foot with a net operating income of $367,001.
68-70 S Main St. is positioned along South Main Street near the heart of South Norwalk, granting residents effortless access to downtown attractions, dining, and cultural venues throughout the area.
Located within a high-demand multifamily submarket, this section of Norwalk features a mix of residential and commercial activity, supporting steady occupancy and appealing to renters seeking urban convenience.
Originally built as social meeting halls for two fraternal orders, The SONO have undergone an intricate and thorough renovation in 2020, yielding a variety of exceptional live/work rentals. It has 20- foot lofts, restored tin ceilings and stained glass, hardwood floors, stainless steel appliances — all steps from Metro-North to Manhattan, SONO’s restaurant row and the Norwalk Harbor waterfront.
The surrounding blocks are home to the SONO Baking Company & Cafe, SONO 1420 American Craft Distillers, The Maritime Aquarium and iMax Theater, The SoNo Collection Mall by Brookfields, Match Restaurant, Tablao Wine Bar and Iron Brewing Company.
More than 25,200 people live within 1 mile of the property with an average household income of $117,428 and more than 89,100 people reside within 3 miles of the property with an average household income of $179,577.
