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Streetfront Retail Space
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500-520 W Ave, Norwalk, CT 06850

Retail storefront opportunity with on-site garage parking plus street front parking in Norwalk.

Property Size3,000 SF
Days on Market752

Property Features for 500-520 W Ave

General Information

Standard status Active
Size 3,000 SF
Property subtype RETAIL

Additional Details

Highway Access Yes
Listing Agency: TRUE Commercial Real Estate
Listed By: Richard Schnider
Source: Moodyscre
Added: Jul 9, 2024 Changed: Jul 26 Last Checked: Jul 30 at 7:27AM

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 TRUE Commercial Real Estate

Investment Insights

Based on property information with market context.

This well-positioned retail storefront opportunity includes dedicated garage parking on site along with street front parking. The property is configured to serve everyday street-level retail needs in a dense, apartment-heavy area.

The surrounding area is supported by more than 900 luxury apartments nearby, and the location is in close proximity to the SoNo Collection, anchored by Nordstrom and Bloomingdale’s. Norwalk Hospital is about one block away, and the property is described as easily accessible via I-95, Merritt Parkway, and Route 7.

Key Highlights

  • Retail storefront opportunity in Norwalk with on‑site dedicated garage parking plus street front parking
  • One block from Norwalk Hospital
  • Close to the SoNo Collection anchored by Nordstrom and Bloomingdale’s

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Storage Facility Locksmith Florist Pet Grooming Service Grocery & Convenience Store

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

Yes
Highway access
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

3,523
Businesses Nearby

Demographics for 06850, CT

20,801
Population
8,556
Households
2.4
Avg Household Size
39
Median Age
52%
College-Educated
90%
High-School Grad
6.8 sq mi
ZIP Area
3,059
Density / Sq Mi
$121,910
Median Household Income
$60,036
Median Earnings
$2,283
Median Rent
$562,900
Median Home Value

Market

Lease Benchmarks for Norwalk, CT

$29.49 /SF/Yr
Avg Asking Price
$13.17–$59.51 /SF/Yr
Price Range
1,602 SF
Avg Space Size

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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Frequently Asked Questions

What type of property is this?
Retail space - Retail storefront opportunity with on-site garage parking plus street front parking in Norwalk.
Where is this retail space located?
The property is located at 500-520 W Ave Norwalk, CT.
What are key features of this property?
This property features: Retail storefront opportunity in Norwalk with on‑site dedicated garage parking plus street front parking; One block from Norwalk Hospital; Close to the SoNo Collection anchored by Nordstrom and Bloomingdale’s
(203) 762-6173 Call to check price and availability
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