Property profile

128 Washington St Norwalk, CT 06854

OFF-MARKET
Retail properties & Spaces
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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

Current use

Occupant on record · Public records
  • Skin Care Clinic

Location

128 Washington St Norwalk, CT 06854
Norwalk metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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