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    128 Washington St Norwalk, CT 06854

    Sponsored
    For Lease
    Contact for pricing

    Turn-key restaurant, 5,368 sq ft, ideal location.

    Lot size:
    5,368 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional restaurant space, located at 128 Washington Street in Norwalk, Connecticut, is now available for lease. Boasting 5,368 square feet of fully built-out, turn-key space, this Class A property is perfect for a discerning restaurateur. The space has been meticulously maintained and is ready for immediate occupancy. Situated in the historic Washington Street District, this location benefits from a vibrant, 24/7 "eat, shop, and live" culture. The area is experiencing significant residential growth, with over 1,000 new residential units under development within walking distance. This ensures a large and readily accessible customer base. Convenient access to I-95 and the Route 7 Connector, along with proximity to the SoNo Train Station, provides excellent accessibility for both patrons and staff. Multiple private and municipal parking garages are within easy walking distance, addressing parking concerns. The property is a three-story building in a thriving area of Norwalk, the sixth largest city in Connecticut, with a population exceeding 91,000. This prime location is surrounded by a variety of successful restaurants and businesses, including Washington Prime, Match, Barcelona, and many others, creating a synergistic and attractive environment. The building itself does not have on-site parking, but ample municipal and street parking is available. This is a rare opportunity to establish or relocate a restaurant in a highly desirable and rapidly developing area.

    Property Features for 128 Washington St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    5,368 SF
    Class
    A

    Building Details

    Buildings
    1
    Stories
    3

    Unit(s) available at that property

    Space
    Size
    5,368 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Bella Medspa Laser Hair Removal Service

    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
    -73.4168654
    Latitude
    41.0986976

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    FAQs

    What type of property is this?
    Restaurant - Turn-key restaurant, 5,368 sq ft, ideal location.
    Where is this restaurant located?
    The property is located at 128 Washington St Norwalk, CT.
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    128 Washington St Norwalk, CT 06854
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    Norwalk, CT 06854
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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
    128 Washington St Norwalk, CT 06854
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