Retail Space with Finished Lower
New
For Lease
$2,995/Mo
16 Chestnut Hill Rd, Norwalk, CT 06851
First-floor premises include additional finished space below, with a bath, laundry, and two smaller rooms.
Space Size1,400 SF
Days on Market5
Property Features for 16 Chestnut Hill Rd
General Information
Standard status
Active
Size
1,400 SF
Net Rentable
1,400 SF
Space & Availability
Available Space
1,400 SF
Contiguous Space
1,400 SF
Floor
First Floor, Lower Level
Additional Details
Utilities to Site
Yes
Building Details
Year Built
1954
Tenancy
Multi
Listing Agency:
Berkshire Hathaway NE Prop.
Listed By:
Ellen Balazs · License #RES.0028155
(203) 227-5117
Source:
Bryanmorristeam
Added: Oct 1
Changed: Oct 2
Last Checked: Oct 4 at 12:23PM
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 Berkshire Hathaway NE Prop.
Investment Insights
Based on property information with market context.
The retail space provides 800 square feet on the first floor and a finished 600-square-foot lower level. The lower level includes a main area, two smaller rooms, a bath, and laundry. The building dates to 1954.
Located within Cranbury Shopping Center in Norwalk, the space sits among a mix of businesses that includes a bank, accountant, gas station, two restaurants, liquor store, bagel shop, and grocery store. Potential 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, along with a pro-rata share of real estate taxes, insurance, and sewer use.
Located within Cranbury Shopping Center in Norwalk, the space sits among a mix of businesses that includes a bank, accountant, gas station, two restaurants, liquor store, bagel shop, and grocery store. Potential 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, along with a pro-rata share of real estate taxes, insurance, and sewer use.
Key Highlights
- 800 SF of first‑floor space
- Finished 600 SF lower level with a main area, two smaller rooms, bath, and laundry
- Situated in Cranbury Shopping Center among a bank, accountant, gas station, two restaurants, liquor store, bagel shop, and grocery store
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
56
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
$32.05 /SF/Yr
Avg Asking Price
$7.63–$63.64 /SF/Yr
Price Range
3,342 SF
Avg Space Size
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Retail space - First-floor premises include additional finished space below, with a bath, laundry, and two smaller rooms.
Where is this retail space located?
The property is located at 16 Chestnut Hill Rd Norwalk, CT.
What is the lease rate?
The lease rate is $2,995/Mo.
What are key features of this property?
This property features: 800 SF of first‑floor space; Finished 600 SF lower level with a main area, two smaller rooms, bath, and laundry; Situated in Cranbury Shopping Center among a bank, accountant, gas station, two restaurants, liquor store, bagel shop, and grocery store
