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Investment Highlights

  • Walking Distance to SoNo Station Metro North
  • Excellent candidate for residential repurposing.
  • Blank Pallet for Medical, Office & Retail
  • 50 Owned Parking Spot within the Municipal Lot

Executive Summary

**Rare SoNo Flagship Asset — Mixed-Use Investment, Entertainment, Office & Redevelopment Opportunity at 5–17 Washington Street, Norwalk, CT**
5–17 Washington Street presents a truly rare opportunity to control a substantial mixed-use property in the heart of historic South Norwalk — one of Fairfield County’s most active restaurant, nightlife, retail, residential, and transit-oriented districts.
This is the kind of asset serious investors, developers, owner-users, hospitality groups, medical users, and entertainment operators cannot afford to overlook.
The property includes a prominent multi-story office building with three expansive floors of over 7,000 square feet each, offering tremendous flexibility for office, medical, creative, educational, residential conversion exploration, or full strategic repositioning. Above it all is a newly built, unfinished rooftop loft space featuring abundant natural light and nearly panoramic views — an extraordinary blank canvas with the potential to become one of the most distinctive spaces in South Norwalk.
Even more compelling, the rooftop itself offers amazing panoramic views of the city and Long Island Sound, creating rare potential for an elevated private amenity, event concept, hospitality feature, executive space, rooftop lounge, or signature destination component, subject to approvals.
In addition to the office/loft component, the property includes an approximately 8,500 square foot vacant club and entertainment venue. This space is available for lease or can be acquired as part of the overall property purchase; it is not being offered for sale separately. Large-scale entertainment space of this kind is exceptionally difficult to find, particularly in a walkable downtown location with existing nightlife, restaurant traffic, transit access, and strong surrounding activity.
The strip retail section adds further value, with existing neighborhood and service-oriented tenants including C-Town Market, a dental office ready for another dental user to move in, a nail salon, and an additional nightclub/bar. This combination of in-place tenancy, vacant upside, large floor plates, entertainment infrastructure, rooftop potential, and location creates multiple paths to value.
A buyer can lease the vacant office floors, reposition the building, pursue medical/professional use, explore residential or mixed-use redevelopment, lease or activate the club/entertainment venue, occupy part of the property, or create a truly unique destination asset in the center of SoNo.
Located on Washington Street, the property sits at the core of South Norwalk’s energy — near restaurants, nightlife, residential developments, The Maritime Aquarium, the South Norwalk Train Station, waterfront destinations, and continued investment throughout the district.
This is not simply a building for sale. This is a chance to control a major presence in one of Connecticut’s most recognizable downtown markets.
**Highlights:**
Three expansive floors of over 7,000 square feet each
Newly built, unfinished rooftop loft with tremendous natural light and nearly panoramic views
Rooftop with amazing panoramic views of the city and Long Island Sound
Approximately 8,500 square foot vacant club/entertainment venue available for lease
Club/entertainment venue may also be included as part of the overall property purchase
Club/entertainment venue is not being offered for sale separately
Active strip retail component with existing tenants
Tenant mix includes C-Town Market, dental office, nail salon, and nightclub/bar
Dental office space positioned for another dental user to move in
Rare large-scale mixed-use asset in the heart of South Norwalk
Strong visibility in a walkable urban district
Ideal for investors, developers, owner-users, hospitality groups, entertainment operators, medical users, and creative office users
Multiple value-add strategies through leasing, repositioning, redevelopment, or owner occupancy
Located near restaurants, nightlife, transit, residential density, waterfront destinations, and major SoNo attractions
**5–17 Washington Street is a rare opportunity to acquire scale, visibility, flexibility, existing income, major upside, and unforgettable rooftop views in the heart of South Norwalk. For the right buyer, this is the kind of asset that can define a portfolio.**

Property Facts

Sale Type
Investment
Sale Conditions
Lease Option
Property Type
Office
Building Size
60,800 SF
Building Class
C
Year Built
1975
Price
$17,800,000
Price Per SF
$292.76
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
7,000 SF
Building FAR
1.13
Lot Size
1.24 AC
Opportunity Zone
Yes
Zoning
SNBD - South Norwalk Business District
Parking
208 Spaces (3.42 Spaces per 1,000 SF Leased)
Moderately walkable
70/100
Exceptionally drivable
100/100
Good public transit
70/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • NORW-000002-000025-000002
  • NORW-000002-000025-000001
Land Assessment
$1,340,210
Improvements Assessment
$1,550,440
Total Assessment
$2,890,650
  • Listing ID: 41029608

  • Date on Market: 3/3/2025

  • Last Updated:

  • Address: 5-17 Washington St, Norwalk, CT 06854

Contact the Sale Advisor

5-17 Washington St

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