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    123 Washington St Norwalk, CT 06854

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    4,637 SF Flagship Retail in Norwalk, CT

    Lot size:
    4,637 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 4,637 square foot retail space is available for lease at 123-125 Washington Street, situated in the vibrant South Norwalk (SoNo) neighborhood of Norwalk, Connecticut. Located within the historic Washington Street district, this single-tenant property offers unparalleled visibility and accessibility. The area boasts a thriving mix of restaurants, retailers, and entertainment venues, creating a dynamic 24/7 atmosphere. The property benefits from its proximity to numerous recently constructed apartment buildings, adding to the high density of potential customers. With over 1,000 new residential units within walking distance, this location provides a substantial and growing customer base. The 0.3-acre site is ideally positioned in a highly preserved and landmarked community, offering a unique blend of historic charm and modern convenience. This property is perfect for a variety of uses, including retail, restaurant, or special purpose businesses. The property's location at the intersection of apartment buildings, hotels, a beautiful waterfront, and a bustling commercial district makes it an exceptional opportunity for a business seeking high visibility and foot traffic. The surrounding area includes popular establishments such as Mecha Noodle Bar, Salon Etre, Oishi Sushi & Izakaya, Donovan's, and Tablao Wine Bar, further enhancing the desirability of this prime location. The zip code is 06854, and the property is in Fairfield County, CT.

    Property Features for 123 Washington St

    General Information

    Property type
    Airport retail
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,637 SF

    Building Details

    Buildings
    1

    Unit(s) available at that property

    Space
    Size
    4,637 SF

    HighLights

    • Highly desirable location on South Norwalk's Washington Street, in the heart of the restaurant district.
    • Excellent access to I‑95 (Exit 15) and Route 7.
    • Short walk to South Norwalk train station.
    • Abundant parking with three municipal lots and two garages nearby.
    • Strong demographics: over 136,000 people within 5 miles, generating over $2.1 billion in annual consumer spending.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Sundown Ski & Patio ... Outdoor Furniture Store Best of Norwalk Marketing Agency OnWashington Real Estate Developer

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Norwalk
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.41701098
    Latitude
    41.09901046

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    FAQs

    What type of property is this?
    Airport retail - 4,637 SF Flagship Retail in Norwalk, CT
    Where is this airport retail located?
    The property is located at 123 Washington St Norwalk, CT.
    What are key features of this property?
    This property features: Highly desirable location on South Norwalk's Washington Street, in the heart of the restaurant district.; Excellent access to I-95 (Exit 15) and Route 7.; Short walk to South Norwalk train station.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    123 Washington St Norwalk, CT 06854
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