Two-Level Retail
New
For Lease
$2,995/Mo
343 Newtown Ave, Norwalk, CT 06851
Retail space in a shopping center with finished lower-level rooms, a bathroom, and laundry area.
Space Size1,400 SF
Days on Market4
Property Features for 343 Newtown Ave
General Information
Standard status
Active
Size
1,400 SF
Net Rentable
1,400 SF
Property subtype
Commercial
Space & Availability
Available Space
1,400 SF
Floor
Ground
Space Use
Retail
Additional Details
Public Transit
No
Building Details
Building Size
800 SF
Year Built
1954
Stories
2
Tenancy
Multi
Listing Agency:
Berkshire Hathaway NE Prop.
Listed By:
Ellen Balazs · License #RES.0028155
(203) 984-4543
Source:
Elliman
Added: Sep 14
Last Checked: Sep 16 at 5:38PM
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 Berkshire Hathaway NE Prop.
Investment Insights
Based on property information with market context.
This retail space at 343 Newtown Ave includes 800 square feet on the first floor and another 600 square feet of finished lower-level area. The lower level includes a bathroom, laundry area, a main room, and two smaller rooms, creating a flexible two-level layout for retail or office use.
The space is located within Cranbury Shopping Center, whose on-site businesses include a bank, accountant, gas station, two restaurants, liquor store, bagel shop, and grocery store. Suitable uses identified for the premises include office, retail, hair salon, and computer or phone repair. The tenant is responsible for electric, heat and hot water, plus a pro-rata share of real estate taxes, insurance, and sewer use.
The space is located within Cranbury Shopping Center, whose on-site businesses include a bank, accountant, gas station, two restaurants, liquor store, bagel shop, and grocery store. Suitable uses identified for the premises include office, retail, hair salon, and computer or phone repair. The tenant is responsible for electric, heat and hot water, plus a pro-rata share of real estate taxes, insurance, and sewer use.
Key Highlights
- 1,400 square feet across first‑floor and finished lower‑level space
- 800‑square‑foot first floor with an additional 600‑square‑foot lower level
- Lower level includes a bathroom, laundry area, main room, and two smaller rooms
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
NNN (Triple Net)
Lease Type
$3.85 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
114
Businesses Nearby
Explore this area
Business Placement
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
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Market
Lease Benchmarks for Norwalk, CT
$40.19 /SF/Yr
Avg Asking Price
$13.17–$63.64 /SF/Yr
Price Range
3,370 SF
Avg Space Size
This space is priced 36% below the average of $40.19 /SF/Yr.
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Retail space - Retail space in a shopping center with finished lower-level rooms, a bathroom, and laundry area.
Where is this retail space located?
The property is located at 343 Newtown Ave Norwalk, CT.
What is the lease rate?
The lease rate is $2,995/Mo.
What are key features of this property?
This property features: 1,400 square feet across first‑floor and finished lower‑level space; 800‑square‑foot first floor with an additional 600‑square‑foot lower level; Lower level includes a bathroom, laundry area, main room, and two smaller rooms
