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Redeveloped Retail Plaza Off Main Avenue
For Sale
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Pending

572 Main Ave, Norwalk, CT 06851

Redeveloped in 2021, this retail plaza includes a Paper Store tenant plus GEICO and Verizon on Main Avenue.

Property Size14,497 SF
Lot Size1.12 Acres
Days on Market148

Property Features for 572 Main Ave

General Information

Standard status Pending
Size 14,497 SF
Lot size 1.12 Acres
Property subtype Retail

Site & Location

Highway Access Yes
Road Access Yes

Building Details

Year Renovated 2021
Tenancy Multi
Listing Agency: Horvath & Tremblay
Listed By: Bob Horvath · License #CT 756500
Source: Crexi
Added: Apr 11 Changed: Aug 25 Last Checked: Aug 31 at 9:23PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Horvath & Tremblay

Investment Insights

Based on property information with market context.

Horvath & Tremblay is pleased to present Paper Store Plaza, a redeveloped retail property comprised of three tenants. The Paper Store occupies 10,000 square feet and has 3+ years remaining on its lease, with one 5-year renewal option. The remaining 4,497 square feet is leased to GEICO and Verizon.

The property is positioned along Main Avenue (US Route 7) in the north end of Norwalk and features prominent signage and two points of access. It is described as having outstanding access to US Route 7, the Merritt Parkway (CT Route 15), Interstate 95, and the Merritt 7 Train Station.

Set on a 1.12-acre parcel, Paper Store Plaza offers a three-tenant retail configuration following the 2021 redevelopment.

Key Highlights

  • Paper Store Plaza at 572 Main Avenue, Norwalk, CT on a 1.12‑acre parcel
  • Redeveloped in 2021 with 14,497 SF gross leasable area and 3 tenants
  • Paper Store tenant occupies 10,000 SF with 3+ years remaining and one 5‑year renewal option

Property Analytics

Current Use

Verizon Electronics & Wireless Store

Suggested Use

Top Pick Building Supply Auto Repair Shop Big Box & Wholesale Store Auto Parts Store Grocery & Convenience Store Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

861
Businesses Nearby
225k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Shops & Services 38% Dining 31% Apparel 15% Office Supplies 12%
T.J. Maxx Apparel
33,002 visits/mo 0.4 miles
Michaels Shops & Services
29,145 visits/mo 0.3 miles
Staples Office Supplies
26,648 visits/mo 0.2 miles
Outback Steakhouse Dining
17,222 visits/mo 0.3 miles
Chipotle Mexican Grill Dining
15,313 visits/mo 0.3 miles

Demographics for 06851, CT

28,254
Population
12,142
Households
2.3
Avg Household Size
42
Median Age
44%
College-Educated
91%
High-School Grad
7.7 sq mi
ZIP Area
3,669
Density / Sq Mi
$106,978
Median Household Income
$55,838
Median Earnings
$2,009
Median Rent
$565,100
Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
Rey
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Similar Off Market Nearby

  • Minoff Plaza 454 Main Ave, Norwalk, CT 06851
  • Center Seven Shopping Center 607 Main Ave, Norwalk, CT 06851
  • Gateway Shopping Center 14 Danbury Rd, Wilton, CT 06897

Frequently Asked Questions

What type of property is this?
Shopping center - Redeveloped in 2021, this retail plaza includes a Paper Store tenant plus GEICO and Verizon on Main Avenue.
Where is this shopping center located?
The property is located at 572 Main Ave Norwalk, CT.
What are key features of this property?
This property features: Paper Store Plaza at 572 Main Avenue, Norwalk, CT on a 1.12‑acre parcel; Redeveloped in 2021 with 14,497 SF gross leasable area and 3 tenants; Paper Store tenant occupies 10,000 SF with 3+ years remaining and one 5‑year renewal option
More about this property
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