17-19 Wall Street 17 Wall St 3,084 SF Vacant Retail Building Norwalk, CT 06850 $750,000 ($243.19/SF)

15½, 17 & 19 Wall Street | Norwalk
Historic Downtown Waterfront Redevelopment Opportunity
Located in Norwalk’s historic Wall Street district, 15½, 17 & 19 Wall Street offers a rare chance to acquire two connected commercial buildings with substantial repositioning potential in one of Fairfield County’s most character-rich urban corridors.
Built in 1895, the property contains approximately 5,196 square feet across street-level and lower-level space and is being offered in shell condition, creating an opportunity for investors, developers, restaurateurs, or owner-users to completely customize the asset for a new vision.
The surrounding area has long been known for its historic architecture, local restaurants, nightlife, and waterfront setting. While the district continues to experience reinvestment and renewed interest from independent operators and developers, opportunities to acquire interconnected buildings of this scale in the downtown core remain extremely limited.
With flexible CDBC Waterfront zoning, the property is well suited for a wide range of potential uses including restaurant, hospitality, retail, entertainment, office, gallery, studio, or mixed-use redevelopment.
For buyers seeking a project with real upside, architectural character, and the ability to create a destination property rather than acquire a fully stabilized asset, 15½, 17 & 19 Wall Street represents a compelling value-add opportunity at an attractive basis.
Property Highlights
Two connected historic commercial buildings
Prime downtown Wall Street location
Steps from the Norwalk River waterfront
Flexible redevelopment and mixed-use potential
Ideal for hospitality, restaurant, retail, creative office, or entertainment concepts
Rare shell-condition opportunity allowing full customization
Significant upside through renovation and repositioning
Offered at a basis difficult to replicate in lower Fairfield County
Property Overview
±5,196 SF total building area
±2,796 SF main level
±2,400 SF lower level
±0.12 AC
CDBC – Central Business District Waterfront zoning
Vacant
Asking Price: $750,000
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

:Buyer Due Diligence & Disclaimer
All information contained herein has been obtained from sources believed reliable; however, neither the owner nor William Pitt Sotheby’s International Realty makes any representation or warranty, express or implied, as to the accuracy or completeness of the information contained herein. Prospective purchasers are advised to conduct their own independent investigations and due diligence concerning the property, including but not limited to zoning, permitted uses, square footage, environmental conditions, structural condition, licensing requirements, waterfront restrictions, outdoor seating approvals, and all other matters material to a purchaser’s decision to acquire the property.
Any renderings, conceptual uses, redevelopment scenarios, or references to potential restaurant, bar, hospitality, entertainment, mixed-use, or outdoor dining opportunities are for illustrative and marketing purposes only and are subject to municipal approvals, zoning regulations, licensing, and other governmental requirements.
The property is being offered as-is, where-is, with all faults, and subject to errors, omissions, changes in price or terms, prior sale or lease, and withdrawal without notice.