Technical
Financial
Distress signals
Property profile

515 West Ave Norwalk, CT 06850

OFF-MARKET
Retail space
Property ID
US15-1347447
56,383 SF
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Property summary

AI-generated overview

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 profile

Verified
Property type Retail space
Total area 56,383 SF
UPID US15-1347447

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
  • Hair Salon Nail Salon
  • Bar & Pub
  • Hair Salon
  • Consultant
  • Restaurant

Location

515 West Ave Norwalk, CT 06850
Norwalk metro
Google Maps

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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