Mixed-Use Retail Building with
For Sale
$2,350,000
140 Water Street, Norwalk, CT 06854
COMMERCIAL - Norwalk, CT
Property Size9,856 SF
Lot Size0.54 Acres
Price / SF$238.43
Days on Market206
Property Features for 140 Water Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
MC
Lot features
Level Lot
Directions
Water Street to #140 it is the pink building next to Rex Marina and in front of Paganos Seafood.
Subdivision
SONO
Standard status
Active
Size
9,856 SF
Lot size
0.54 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
25170
Utilities
Utilities
Phone Available
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1955
Flooring type
Carpet - Full
Listing Agency:
Silver Pine Real Estate
(203) 451-6622
Listed By:
Shalini Madaras · License #REB.0755688
(203) 451-6622
Added: Jan 5
Changed: Jul 26
Last Checked: Jul 30 at 4:06PM
MLS# 24147122
Copyright © 2026 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
140 Water Street is a 9,856 SF commercial building that includes ground-level commercial space and 32 on-site parking spaces. The property is presented as a mixed-use redevelopment opportunity, with architectural renderings available for review.
The redevelopment concept references a possible conversion to an 11 to 12 unit residential building with spacious 2- and 3-bedroom apartments, paired with ground-level commercial space. The conceptual scenario reflects approximately 22,500 SF across four levels, with select water views on upper floors.
The property is zoned MC. It is located in Norwalk’s downtown SoNo area, with proximity described to SONO Collection (including Nordstrom and flagship retailers), dining and entertainment options, public transportation including Metro-North rail, and access to major highways and freeways as stated in the remarks.
The redevelopment concept references a possible conversion to an 11 to 12 unit residential building with spacious 2- and 3-bedroom apartments, paired with ground-level commercial space. The conceptual scenario reflects approximately 22,500 SF across four levels, with select water views on upper floors.
The property is zoned MC. It is located in Norwalk’s downtown SoNo area, with proximity described to SONO Collection (including Nordstrom and flagship retailers), dining and entertainment options, public transportation including Metro-North rail, and access to major highways and freeways as stated in the remarks.
Key Highlights
- 9,856 SF commercial building at 140 Water Street, Norwalk
- 32 on‑site parking spaces
- Public water and public sewer
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,687
Businesses Nearby
Explore this area
Business Placement
Demographics for 06854, CT
29,931
Population
12,246
Households
2.4
Avg Household Size
37
Median Age
36%
College-Educated
85%
High-School Grad
4.8 sq mi
ZIP Area
6,236
Density / Sq Mi
$86,399
Median Household Income
$42,868
Median Earnings
$1,898
Median Rent
$453,400
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - 9,856 SF commercial building with ground-level retail space and 32 on-site parking spaces, offered with redevelopment options.
Where is this retail space located?
The property is located at 140 Water Street Norwalk, CT.
What is the asking price?
The asking price for this property is $2,350,000.
What are key features of this property?
This property features: 9,856 SF commercial building at 140 Water Street, Norwalk; 32 on‑site parking spaces; Public water and public sewer
