Landmark Office
For Sale
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40 RICHARDS AVE, Norwalk, CT 06854
Seven-story office building with flexible floorplans and amenities, suited for office or medical use in Fairfield County.
Property Size102,767 SF
Price / SF$321.11
Days on Market66
Property Features for 40 RICHARDS AVE
General Information
Standard status
Active
Size
102,767 SF
Class
A
Property subtype
Office
Lease Type
Modified Gross
Investment Type
Institutional
Additional Details
Highway Access
Yes
Building Details
Year Built
1985
Buildings
1
Stories
10
Units
33
Tenancy
Multi
Listing Agency:
Buttross Properties
(512) 320-0888
Listed By:
David Buttross · License #TX 395502
Source:
Crexi
Added: Jun 19
Changed: Aug 14
Last Checked: Aug 22 at 2:07PM
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 Buttross Properties
Investment Insights
Based on property information with market context.
40 Richards Avenue is a landmark office building offering approximately 152,609 square feet across seven stories. The property is described as having institutional-quality construction, efficient floorplans, and extensive on-site amenities designed to support a range of professional uses. With its multi-story configuration, the asset can be positioned for traditional office tenants as well as medical users, educational institutions, corporate headquarters, or adaptive reuse concepts.
The building’s highly accessible location is presented as providing immediate connectivity to major transportation corridors and the broader New York metropolitan area. As a Fairfield County asset, it is characterized as an office property of meaningful scale in a market where comparable opportunities can be limited.
For owner-users and investors, this combination of size, infrastructure, and operational flexibility may support a long-term hold or a plan that benefits from reconfiguration of space for different business models. Tenants or operators seeking a multi-story platform with amenities and adaptable floor layouts may find the building aligns well with office- and medical-oriented requirements, as well as other institutional or corporate needs described in the offering.
The building’s highly accessible location is presented as providing immediate connectivity to major transportation corridors and the broader New York metropolitan area. As a Fairfield County asset, it is characterized as an office property of meaningful scale in a market where comparable opportunities can be limited.
For owner-users and investors, this combination of size, infrastructure, and operational flexibility may support a long-term hold or a plan that benefits from reconfiguration of space for different business models. Tenants or operators seeking a multi-story platform with amenities and adaptable floor layouts may find the building aligns well with office- and medical-oriented requirements, as well as other institutional or corporate needs described in the offering.
Key Highlights
- Seven‑story office building with approximately 152,609 SF
- Year built: 1985
- Flexible floorplans suited for traditional office tenants or medical users
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
709
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 Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Office building - Seven-story office building with flexible floorplans and amenities, suited for office or medical use in Fairfield County.
Where is this office building located?
The property is located at 40 RICHARDS AVE Norwalk, CT.
What is the asking price?
The asking price for this property is $33,000,000.
What are key features of this property?
This property features: Seven‑story office building with approximately 152,609 SF; Year built: 1985; Flexible floorplans suited for traditional office tenants or medical users
