17-19 Wall Street 17 Wall St 3,084 SF Vacant Retail Building Norwalk, CT 06850 For Sale

15½, 17 & 19 Wall Street | Norwalk, CT
Two Historic Waterfront Buildings | Downtown Wall Street District
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