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OFF-MARKET
Retail properties & Spaces

128 Washington St Norwalk, CT 06854

Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Retail properties & Spaces
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Bella Medspa Skin Care Clinic
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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