Mixed-use retail and office property for sale

Avison Young, as exclusive broker, is pleased to offer for sale 32-36 Wall Street, a two-story 7,334 square foot mixed-use building with ground floor retail and commercial space on the second floor, with nine dedicated garage parking spaces accessible through the rear of the building.

The property is a few minutes’ drive to I-95 New England Thruway and Route 15 Merritt Parkway via the Route 7 Connector, providing easy access by car from points north and south. Metro North railroad’s East Norwalk and South Norwalk stations are only 1.2 and 1.8 miles away further enhancing the property’s accessibility.

The building is situated in Norwalk’s art and cultural center district on a 0.13-acre lot between Main Street and River Street with views of the Norwalk River. Neighborhood amenities include restaurants, taverns,coffee shops, The District Music Hall, The Pottery Factory, and The Norwalk Conservatory of the Arts.

The property is fully leased with in-place income with the potential for vacant delivery upon closing. This provides both investors seeking immediate upside potential in rental income and the owner-operator the ability to occupy part or all of the property for their own business.

An additional opportunity exists as a ‘covered land play’ that would include redevelopment of the site into a residential mixed-use asset. The recently formed Wall Street Neighborhood Association is seeking a zoning pilot for the district that would allow for more housing, support of local businesses and strengthen the role of the district arts and cultural center