17 Wall St - Retail FOR SALE


Norwalk, CT 06850- The Green
$1,500,000 USD
203-803-0747
17 Wall St, Norwalk, CT for Sale
$1,500,000 USD
Retail - FOR SALE
1/11
null | Request Cap Rate

17 Wall St
Norwalk, CT 06850
The Green


HIGHLIGHTS

  • Value-Add Waterfront Play
  • Zero Parking Requirements + Flexible CD-4 Zoning
  • Ride the $180M Public-Private Wave

OVERVIEW

15½, 17 & 19 Wall Street | Norwalk, CT Two Historic Waterfront Buildings | Downtown Wall Street District Package Price: $1,500,000 PROPERTY SUMMARY Property TypeRetail / Mixed-Use (Value-Add Opportunity)Total Building Size5,196 SF (2,796 SF main level + 2,400 SF basement)Lot Size±0.12 ACZoningCDBC – Central Business District – WaterfrontYear Built1895ConditionVacant ShellOccupancyVacantAsking Price$1,500,000Price per SF$289/SF PROPERTY OVERVIEW Rare opportunity to acquire two adjacent historic waterfront buildings in Norwalk's rapidly revitalizing Wall Street District. These 1895 brick structures offer approximately 5,200 SF across two parcels with direct Norwalk River views, positioned at the epicenter of over $25-30 million in planned public infrastructure improvements. The properties feature original brick façades and open interior volumes, ideal for restoration or adaptive reuse as retail, restaurant, creative office, or boutique mixed-use space. Located steps from the Neptune Boat Club and the planned pedestrian riverwalk promenade. PROPERTY HIGHLIGHTS Prime Waterfront Location Direct Norwalk River exposure with marina proximity Adjacent to planned pedestrian promenade and waterfront amenities Heart of downtown's cultural and economic renaissance Flexible CDBC Zoning Permitted uses: Retail, restaurants, breweries, offices, art studios, hotels, multifamily (subject to standards) Historic building with potential tax credit eligibility Vertical expansion opportunities Unprecedented Public Investment $25-30M committed to Wall Street corridor improvements New streetscapes, upgraded utilities, enhanced lighting and landscaping Public plazas and pedestrian amenities throughout district Adjacent Development Catalyst Wall Street Place: 155 mixed-income apartments + ground-floor retail Delivery: 2025 Impact: 465+ new residents within two blocks Value-Add Opportunity Vacant shell condition allows complete design control Projected stabilized value: $2.4M - $2.8M Potential equity creation: $500K - $900K post-renovation BUILDING BREAKDOWN 17 Wall Street Total: 3,084 SF (1,740 SF main level + 1,344 SF basement) Open floor plan with high ceilings Rear access to waterfront Full renovation required (roof, MEP, bathrooms, finishes) 19 Wall Street Total: 2,112 SF (1,056 SF main level + 1,056 SF basement) Open concept layout with tall basement ceilings Contiguous with 17 Wall Street Full renovation required (roof, MEP, bathrooms, finishes) Combined Benefits Continuous street frontage for maximum visibility Flexible single or multi-tenant configuration Coordinated or independent development options DEVELOPMENT SCENARIOS Multi-Tenant Retail/Restaurant Configure 2-4 individual storefronts Target rents: $35-45/SF NNN Diversified income stream Waterfront Restaurant/Brewpub Capitalize on Norwalk's craft dining scene Riverfront patio potential High-visibility destination location Owner-User + Income Property Occupy one building for business operations Lease second building at $40/SF NNN Offset ownership costs while building equity Mixed-Use Vertical Addition Add residential lofts above commercial space Historic tax credit eligibility Maximize site development potential

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$486 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

17-19 Wall Street

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1895

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

CDBC

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Michael SpremulliWilliam Pitt Sotheby's International RealtyMore Info
203-803-0747

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Michael SpremulliWilliam Pitt Sotheby's International RealtyMore Info
203-803-0747

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.