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Second-Generation Retail Center
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500-520 W Ave, Norwalk, CT 06850

Fully built-out retail center with dining, fitness, medical, and banking tenants plus ample free parking.

Space SizeContact for details
Property Size2,316 SF
Days on Market197

Property Features for 500-520 W Ave

General Information

Standard status Active
Size 2,316 SF
Property subtype OFFICE

Additional Details

Highway Access Yes

Amenities

easy access to I-95
free parking

Building Details

Tenancy Multi
Listing Agency: Charter Realty & Development - Westport
Listed By: Everett Zelson
Source: Moodyscre
Added: Jan 23 Changed: Jul 27 Last Checked: Aug 7 at 8:11AM

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 Charter Realty & Development - Westport

Investment Insights

Based on property information with market context.

An 81,410 SF retail center offering a mix of second-generation spaces for dining, fitness, beauty, medical, and decor users. The property includes headlining tenants such as Chase Bank, Salons by JC, Colony Grill, F45 Gym, and Elm Street Diner, supporting a well-established retail mix.

Easy access is available on and off I-95 North and South, making the center convenient for customer and employee visits. Ample free parking is provided with 1,400+ spaces to support day-to-day operations.

The asset is presented as fully built-out, with current opportunities described for restaurant and financial institution uses in the second-generation environment.

Key Highlights

  • 81,410 SF retail center with a tenant mix including fitness, beauty, dining, medical, and decor
  • Headlining tenants include Chase Bank, Salons by JC, Colony Grill, F45 Gym, and Elm Street Diner
  • Easy access with on- and off‑ramps to I‑95 North and South

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Storage Facility Locksmith Florist Pet Grooming Service Grocery & Convenience 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

Multi-tenant
Tenancy
Yes
Highway access
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

3,523
Businesses Nearby
Balanced
Demand for This Use

Demographics for 06850, CT

20,801
Population
8,556
Households
2.4
Avg Household Size
39
Median Age
52%
College-Educated
90%
High-School Grad
6.8 sq mi
ZIP Area
3,059
Density / Sq Mi
$121,910
Median Household Income
$60,036
Median Earnings
$2,283
Median Rent
$562,900
Median Home Value

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
Rey
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Frequently Asked Questions

What type of property is this?
Shopping center - Fully built-out retail center with dining, fitness, medical, and banking tenants plus ample free parking.
Where is this shopping center located?
The property is located at 500-520 W Ave Norwalk, CT.
What are key features of this property?
This property features: 81,410 SF retail center with a tenant mix including fitness, beauty, dining, medical, and decor; Headlining tenants include Chase Bank, Salons by JC, Colony Grill, F45 Gym, and Elm Street Diner; Easy access with on- and off‑ramps to I‑95 North and South
(203) 614-1109 Call to check price and availability
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