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The Washington Street Historic District 123 Washington St
1,675 - 11,680 SF of Retail Space Available in Norwalk, CT 06854
Highlights
- The Washington Street Historic District offers a central location right off Exit 15 on Interstate 95 in Downtown Norwalk's esteemed Restaurant Row.
- Businesses benefit from ample parking opportunities, including three nearby municipal lots and two parking garages.
- Consumers can easily reach The Washington Street Historic District from the South Norwalk (SoNo) train station, which is less than a mile's walk.
- Attractive suites blend historic features with modern finishes, with many units offering basement space.
- More than 136,000 residents live within a 5-mile radius, contributing to over $2.1 billion in consumer spending.
Space Availability (3)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 4,637 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Negotiable | ||
| 1st Floor | 5,368 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Negotiable | ||
| 1st Floor, Ste 132C Washington | 1,675 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Negotiable |
123 Washington St - 1st Floor
126-128 Washington St - 1st Floor
132 Washington St - 1st Floor - Ste 132C Washington
New flooring done according to code for refrigeration case and drainage. New water heater installed. New sprinkler system installed according to code. HVAC unit upgraded. Commercial grease trap included. Walk-in box fridge. Wood shelving installed.
- Fully Built-Out as a Restaurant or Café Space
- Located in-line with other retail
- Space is in Excellent Condition
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS FOR 123 Washington St , Norwalk, CT 06854
| Center Type | Neighborhood Center | Frontage | Washington St |
| Parking | 100 Spaces | Gross Leasable Area | 80,037 SF |
| Stores | 17 | Total Land Area | 3.07 AC |
| Center Properties | 16 | Year Built | 1984 |
| Center Type | Neighborhood Center |
| Parking | 100 Spaces |
| Stores | 17 |
| Center Properties | 16 |
| Frontage | Washington St |
| Gross Leasable Area | 80,037 SF |
| Total Land Area | 3.07 AC |
| Year Built | 1984 |
About the Property
The Washington Street Historic District provides premier retail opportunities in the established commercial district of Downtown Norwalk, Connecticut. The highly preserved and landmarked community of Washington sits at the convergence of newly constructed apartment buildings, hotels, waterfront views, and a 24-hour eat, shop, and live culture. Conveniently located near Exit 15 on Interstate 95, the Washington Street Historic District provides ample parking with three municipal lots and two parking garages within walking distance. The property is also within steps of the South Norwalk (SoNo) train station. This area is popularly known as Restaurant Row because of its eclectic mix of available cuisines. In addition to numerous dining options, high-end boutiques provide a complementary tenant roster. Norwalk’s strong demographics offer plenty of opportunities for retailers of all types, as more than 136,000 people live within a 5-mile radius. This robust population represents an average household income that exceeds $153,000 and contributes to more than $2.2 billion in annual consumer spending.
- Restaurant
- Signage
DEMOGRAPHICS
Demographics
About Norwalk
A wealthy population bolsters Norwalk as an appealing retail destination. The city ranks in the top five percent for average family income among both all US and all Connecticut cities, which will help keep retail properties afloat as the nation ramps up vaccination efforts.
Norwalk has seen many top-tier tenants move in recently, particularly with the grand opening of the SoNo Collection mall. Nordstrom, Bloomingdale’s and H&M anchor the mall, with Apple and an Amazon 4-Star store moving in during 2020. Outside of the SoNo Collection, Lillian August and Temper-Pedic have flagship stores in Norwalk, with big box home goods retailers Home Depot, Lowe’s and CostCo maintaining significant footholds as well.
Beyond the SoNo Collection in downtown Norwalk, the city has also made a trendy push to the north with the development of Glover Avenue off the Merritt 7 train station. The area is being developed by Building and Land Technology as a “live, work, play” center, with apartments and offices next to a warehouse-turned pop up market. Dubbed the Junction at North Seven, the location offers local food truck and breweries alongside art. Between these two new marquee retail attractions, the future for Norwalk as a retail destination appears bright.
Nearby Major Retailers
Presented by
The Washington Street Historic District | 123 Washington St
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