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    515 West Ave Norwalk, CT 06850

    Sponsored
    For Lease
    Contact for pricing

    Prime Norwalk Retail Space: Multiple Suites Available

    Lot size:
    56,383 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This Class A retail property, The Waypointe, in Norwalk's vibrant Submarket, offers exceptional leasing opportunities. Located in Fairfield County, this 56,383 square foot center boasts a total of six suites, with five currently available for lease. Spaces range from a minimum of 1,226 square feet to a maximum contiguous space of 3,268 square feet, providing flexibility for various retail concepts. A significant 14,182 square feet of space is currently vacant. The property underwent extensive renovations in 2022, ensuring modern and attractive facilities for tenants. Ample parking is available with 1,025 spaces to accommodate customers and employees. The property sits on a substantial 6.41-acre lot, offering excellent visibility and accessibility. This multi-tenant building presents a unique chance to establish a presence in a thriving retail destination. The property's prime location and recent renovations make it an ideal choice for businesses seeking high-traffic exposure and a modern retail environment. Interested parties are encouraged to inquire about available suite sizes and lease terms.

    Property Features for 515 West Ave

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    56,383 SF
    Class
    A

    Building Details

    Year Renovated
    2022

    Unit(s) available at that property

    Space
    Unit T
    Size
    1,226 SF
    Space
    Unit W
    Size
    2,650 SF
    Space
    Unit P1
    Size
    3,100 SF
    Space
    Unit B1
    Size
    2,250 SF
    Space
    Unit F/G
    Size
    3,268 SF

    HighLights

    • Class A retail storefront in Norwalk, Fairfield County.
    • 56,383 total square feet, multiple tenancy.
    • Spaces available ranging from 1,226 to 3,268 contiguous square feet.
    • 14,182 square feet currently vacant.
    • 6 total suites.
    • 6.41‑acre lot with 1,025 parking spaces.
    Property Profile Location Intelligence

    Current Use by Public Records

    Skin Care By ... Beauty Salon Pinot's Palette Bar The Hair Haven Suite ... Hair Salon advukatturkiye – advukatturkiye Consultant Sedona Taphouse New American Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Norwalk
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.4147926
    Latitude
    41.1123326

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    FAQs

    What type of property is this?
    Individual retail property - Prime Norwalk Retail Space: Multiple Suites Available
    Where is this individual retail property located?
    The property is located at 515 West Ave Norwalk, CT.
    What are key features of this property?
    This property features: Class A retail storefront in Norwalk, Fairfield County.; 56,383 total square feet, multiple tenancy.; Spaces available ranging from 1,226 to 3,268 contiguous square feet.
    Request Owner's contact information
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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
    515 West Ave Norwalk, CT 06850
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