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Mixed-Use Center with Retail and Office
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402 Main St, Ridgefield, CT 06877

Downtown mixed-use property combining retail, office, and residential space with a broad tenant base and established occupancy.

Property Size84,837 SF
Days on Market143

Property Features for 402 Main St

General Information

Standard status Active
Size 84,837 SF
Property subtype Mixed Use, Multifamily, Office, Retail
Occupancy 98%

Site & Location

Corner Location Yes
Traffic Count 13,200 vehicles/day
Road Access Yes

Building Details

Buildings 2
Tenancy Multi
Listing Agency: Newmark
Listed By: William Gitlin · License #CT
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 30 at 7:42AM

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 Newmark

Investment Insights

Based on property information with market context.

This mixed-use offering includes 84,837 square feet across retail, office, and residential components arranged in two downtown assets. The property is 98% leased, with 3.8 years of weighted average remaining lease term. Retail occupancy includes restaurants and cafés, apparel and accessory shops, specialty boutiques, a martial arts studio, and Milillo Farms. Office tenants represent financial services, architecture, legal, real estate, engineering, and healthcare businesses. Since 2017, capital work has included tenant buildouts, apartment renovations, and upgrades to HVAC systems, roofs, and exteriors.

The buildings occupy highly visible corner positions at 402 Main St along Main Street/Route 35 in Ridgefield, Connecticut. The thoroughfare records an average daily traffic count of 13,200 vehicles. The surrounding area includes population counts of 5,200 within one mile, 21,200 within three miles, and 40,600 within five miles, with corresponding average household incomes of $226,500, $270,000, and $262,500.

Key Highlights

  • 84,837 square feet of retail, office, and residential space across two assets
  • 98% leased with 3.8 years of weighted average remaining lease term
  • Retail mix includes restaurants, cafés, boutiques, apparel stores, a martial arts studio, and Milillo Farms

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Parking Lot & Garage Auto Repair Shop Auto Parts Store Storage Facility (Bike/Boat/Book/etc) Store Carpet & Flooring Store

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

Lease Details

13,200 VPD
Traffic count
98%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

1,514
Businesses Nearby

Demographics for 06877, CT

25,077
Population
9,848
Households
2.5
Avg Household Size
44
Median Age
72%
College-Educated
97%
High-School Grad
34.6 sq mi
ZIP Area
725
Density / Sq Mi
$168,991
Median Household Income
$75,683
Median Earnings
$1,918
Median Rent
$799,400
Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Downtown mixed-use property combining retail, office, and residential space with a broad tenant base and established occupancy.
Where is this mixed-use property located?
The property is located at 402 Main St Ridgefield, CT.
What are key features of this property?
This property features: 84,837 square feet of retail, office, and residential space across two assets; 98% leased with 3.8 years of weighted average remaining lease term; Retail mix includes restaurants, cafés, boutiques, apparel stores, a martial arts studio, and Milillo Farms
(203) 531-3637 Call to check price and availability
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