49 Wall St - Storefront Retail/Office FOR SALE


Norwalk, CT 06850- Downtown Norwalk
$949,000 USD
203-246-5936
49 Wall St, Norwalk, CT for Sale
$949,000 USD
Storefront Retail/Office - FOR SALE
1/28
null | Request Cap Rate

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49 Wall St
Norwalk, CT 06850
Downtown Norwalk


HIGHLIGHTS

  • Heavy day foot traffic
  • Multiple levels
  • Open plan with exposed brick walls

OVERVIEW

Investment Opportunity | Mixed-Use Asset | Wall Street Corridor. Positioned in the heart of Norwalk’s rapidly transforming Wall Street district, this 3,608± SF mixed-use brick asset offers immediate utility with strong long-term upside. Located within a major economic development corridor, the property benefits from high visibility, established foot traffic, and continued neighborhood revitalization.The asset features a 1,276 SF ground-floor retail/office space with prominent storefront exposure, complemented by an additional 1,056 SF of separately accessed first-floor space—ideal for dual tenancy or supplemental income. The upper level offers flexible, open-concept space with 10+ ft ceilings, exposed brick, and abundant natural light, well-suited for office, creative, or residential conversion (subject to approvals). Broad zoning allowances support multiple revenue strategies, including retail, office (medical/professional), restaurant/hospitality, fitness, and cultural uses. A full basement provides additional storage capacity. Investment highlights include: Opportunity Zone designation with potential federal tax advantages, potential eligibility for ~30% historic tax credits, qualification for the Norwalk Storefront Improvement program, proven location with a long-standing retail history (former Kosta Jewelers, 30+ years). This is a value-add opportunity in a supply-constrained, high-growth submarket—ideal for investors seeking a mixed-use asset with income diversification, repositioning potential, and meaningful tax incentives.

FOR SALE DETAILS

PRICE

$949,000 USD

PRICE/SF

$207 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1880

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

CROSS STREETS

Isaacs St

LAND ACRES

0.07 AC

LAND SF

3,049 SF

ZONING

CBDA

APN/PARCEL ID

NORW-000001-000029-000038

ASK ABOUT THIS PROPERTY

Gloria DillardKeller Williams RealtyMore Info
203-246-5936

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Gloria DillardKeller Williams RealtyMore Info
203-246-5936

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