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Retail Space with Finished Lower Level
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343 Newtown Avenue, Norwalk, CT 06851

First-floor retail space includes a finished lower level, restroom, laundry, and multiple rooms.

Property Size800 SF
Price / SF$3.74
Days on Market5

Property Features for 343 Newtown Avenue

General Information

Standard status Active
Size 800 SF
Property subtype Commercial

Additional Details

Floor Ground

Building Details

Year Built 1954
Listing Agency: Berkshire Hathaway NE Prop.
Listed By: Ellen Balazs · License #RES.0028155
Source: Lockandkeyre
Added: Sep 13 Changed: Sep 15 Last Checked: Sep 16 at 5:05PM

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 offers 800 SF on the first floor plus a finished 600 SF lower level. The lower level includes a bathroom, laundry area, a main room, and two smaller rooms, creating a flexible layout for office, retail, hair salon, or computer and phone repair use.

The property is located within Cranbury Shopping Center at 343 Newtown Avenue in Norwalk, Connecticut. Other businesses in the center include a bank, accountant, gas station, two restaurants, liquor store, bagel shop, and grocery store. The building was constructed in 1954. Occupancy costs include responsibility for electric, heat and hot water, along with a pro-rata share of real estate taxes, insurance, and sewer use.

Key Highlights

  • 800 SF first‑floor retail space
  • Finished 600 SF lower level
  • Lower level includes a bathroom, laundry area, main room, and two smaller rooms

Property Analytics

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Current Use

CRANBURY SUPERMARKET Pharmacy CRANBURY DELI Food Market Capt'n John's Clambakes Take-out & Catering

Suggested Use

Top Pick Real Estate Agency Law Firm Restaurant Dental Office Spa & Massage Center Auto Repair Shop

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

Location Intelligence

Trade Area within ½ mile

114
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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
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Frequently Asked Questions

What type of property is this?
Retail space - First-floor retail space includes a finished lower level, restroom, laundry, and multiple rooms.
Where is this retail space located?
The property is located at 343 Newtown Avenue Norwalk, CT.
What are key features of this property?
This property features: 800 SF first‑floor retail space; Finished 600 SF lower level; Lower level includes a bathroom, laundry area, main room, and two smaller rooms
More about this property
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