205 Main St Norwalk, CT 06851-3530
This exceptional commercial property, located at 205 Main Street, Rainbow Plaza in Norwalk, Connecticut (06851), offers 2,000 square feet of immediately available space within a larger 28,000 square foot building. Situated on a 3-acre lot, this Class B property boasts a convenient location with high visibility and excellent access via major roadways including the Merritt Parkway, I-95, Route 1, and Route 7 Connector (exit 2). Built in 1991 and renovated in 2010, the two-story building features 15 suites in total, with ample parking (130 spaces) available for tenants and customers. The space is ready for tenant improvements, allowing for customization to suit specific business needs. The property benefits from a high traffic count exceeding 24,000 cars daily, making it an ideal location for a variety of businesses. The zoning is B2. The available space features a 15-foot ceiling height and is part of a vibrant shopping center with established long-term tenants. The minimum divisible space is 2,000 square feet, with a maximum contiguous space also at 2,000 square feet. The property is suitable for various uses, including medical, traditional office, retail, storefront, food service, and showroom uses. Power is supplied by a 200-amp service. There are no elevators in the building. The cross street is New Canaan Avenue.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
B2 · Norwalk, CTNorwalk. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.