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Fully Built-Out Shopping Center
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515 W Ave, Norwalk, CT 06850

Shopping center with 1,400+ free parking spaces and easy access to I-95 North and South.

Space SizeContact for details
Property Size81,410 SF
Days on Market197

Property Features for 515 W Ave

General Information

Standard status Active
Size 81,410 SF
Total Parking Spaces 1400
Property subtype RETAIL

Additional Details

Space Use Retail
Highway Access Yes

Building Details

Building Size 81,410 SF
Tenancy Multi
Listing Agency: Charter Realty & Development - Westport
Listed By: Everett Zelson
Source: Moodyscre
Added: Jan 23 Changed: Jul 30 Last Checked: Aug 7 at 9:56AM

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.

This fully built-out shopping center offers a mix of fitness, beauty, dining, medical, and decor uses totaling 81,410 SF. The property also presents second generation restaurant and financial institution opportunities with existing restaurant and bank concepts.

Headlining tenants include Chase Bank, Salons by JC, Colony Grill, F45 Gym, and Elm Street Diner. Access is convenient from both directions of I-95, supporting an easy on-and-off experience for customers and staff.

Ample parking is available on site with 1,400+ spaces, helping accommodate multiple tenant uses and day-to-day traffic patterns across the center.

Key Highlights

  • 81,410 SF retail center with fitness, beauty, dining, medical, and decor tenants
  • Second generation restaurant and financial institution opportunity
  • Headlining tenants include Chase Bank, Salons by JC, Colony Grill, F45 Gym, and Elm Street Diner

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

3,504
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
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Frequently Asked Questions

What type of property is this?
Shopping center - Shopping center with 1,400+ free parking spaces and easy access to I-95 North and South.
Where is this shopping center located?
The property is located at 515 W Ave Norwalk, CT.
What are key features of this property?
This property features: 81,410 SF retail center with fitness, beauty, dining, medical, and decor tenants; Second generation restaurant and financial institution opportunity; Headlining tenants include Chase Bank, Salons by JC, Colony Grill, F45 Gym, and Elm Street Diner
(203) 614-1109 Call to check price and availability
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