Lender-Facilitated Sale: Value-Add Office | 40 Richards

For Sale

40 Richards Avenue, Norwalk, CT 06854

This Norwalk property for sale is located at 40 Richards Avenue. The general use of Lender-Facilitated Sale: Value-Add Office | 40 Richards is office and it incorporates 152,609 square feet of class B office space. Contact the listing broker for details on the current sale price for Lender-Facilitated Sale: Value-Add Office | 40 Richards. Lender-Facilitated Sale: Value-Add Office | 40 Richards is situated on a lot that is 1.39 acre in size.

Contacts

broker
Doug Clark

RealINSIGHT Marketplace

Property Details

  • Property Type Office
  • Property Size 152,609 SF
  • Lot Size 1.39 Acre
  • Building Class B
  • Year Built 1985
  • Date Updated Jun 20, 2025

Substantial Value-Add Potential: Seven-story, 152,609 SF office building currently 22% leased to 14 tenants, offering a significant opportunity to increase occupancy and rental rates.

Lender-Facilitated Sale: Allows investors to acquire the asset at an attractively low basis and deploy capital improvements to unlock upside.

Diverse Tenant Mix: Includes legal, media, consumer products, and professional service firms with an average remaining lease term of 2.3 years and below-market rents.

Auctioneer Name:Michael A. Fine

Auctioneer License:

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Reach out to the broker for more info on lease terms and amenities

Getting around

  • 57/100

    Walk Score ®

  • 42/100

    Transit Score ®

  • 33/100

    Bike Score ®

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Location

  • City Norwalk, CT
  • Neighborhood North Norwalk
  • Zip Code 06854
  • Market Bridgeport New Haven

Points of Interest

  • South Norwalk

    1.48 miles

  • Talmadge Hill

    3.01 miles

  • Glenbrook

    3.93 miles

  • Merritt 7

    3.94 miles

  • New Canaan

    4.43 miles

  • Westport

    4.51 miles

  • Amtrak Metro North Taxi Stand

    5.69 miles

  • Green's Farms

    7.34 miles

  • Old Greenwich

    7.37 miles

  • Cannondale

    8.73 miles

  • Shell

    0.15 miles

  • Mobil

    0.97 miles

  • Tesla Supercharger

    1.01 miles

  • Gulf

    2.62 miles

  • Walmart

    0.25 miles

  • 90 Tokeneke Road Parking Lot

    1.24 miles

  • 120 Tokeneke Road Parking Lot

    1.26 miles

  • South Norwalk Station Parking Garage

    1.45 miles

  • Haviland Lot

    1.74 miles

  • Ironworks Garage

    1.80 miles

  • Maritime Garage

    1.81 miles

  • Ambulance Parking

    1.96 miles

  • Bus Parking

    2.31 miles

  • Courthouse Employee Parking

    2.44 miles

  • DoubleTree

    0.16 miles

  • The Guest House at Norwalk Inn

    2.79 miles

  • Norwalk Inn and Conference Center

    2.82 miles

  • Hotel Zero Degrees Norwalk

    3.47 miles

  • Norwalk-Westport Motel

    3.77 miles

  • Garden Park Motel

    3.81 miles

  • Extended Stay America - Norwalk - Stamford

    3.83 miles

  • EVEN Hotel Norwalk

    3.99 miles

  • Econo Lodge Norwalk

    4.09 miles

  • Courtyard Norwalk

    4.38 miles

  • Walmart

    0.28 miles

  • Darinor Plaza

    0.58 miles

  • Kohl's

    0.59 miles

  • Stop & Shop

    0.80 miles

  • ShopRite

    0.87 miles

  • TJ Maxx

    0.97 miles

  • Patel Brothers

    1.01 miles

  • Goodwives Shopping Center

    1.25 miles

  • Bloomingdale's

    1.83 miles

  • The SoNo Collection

    1.86 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Doug Clark

RealINSIGHT Marketplace

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