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

40 Richards Avenue, Norwalk, CT 06854

  • For Sale Contact for pricing
  • 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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Contacts

broker
Doug Clark

RealINSIGHT Marketplace

Location

Getting Around

  • Walk Score ®

    57/100 Somewhat Walkable

  • Transit Score ®

    42/100 Some Transit

  • Bike Score ®

    33/100 Somewhat Bikeable
Powered by Walk Score ®
  • 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

  • Donut Delight

    0.12 miles

  • McDonald's

    0.15 miles

  • KFC

    0.17 miles

  • Ponza Italian Kitchen & Pizza

    0.18 miles

  • Dunkin'

    0.24 miles

  • Bertucci's

    0.28 miles

  • Chipotle

    0.31 miles

  • Burger King

    0.39 miles

  • Driftwood Diner

    0.44 miles

  • Piazza Pizza & Pasta

    0.52 miles

  • Norwalk Community College

    0.67 miles

  • Brookside School

    0.76 miles

  • Brien McMahon High School

    1.02 miles

  • Roton Middle School

    1.26 miles

  • Royle School

    1.29 miles

  • Tokeneke School

    1.38 miles

  • Benjamin Franklin Middle School

    1.43 miles

  • Washington Elementary School

    1.44 miles

  • Nathaniel Ely Elementary School

    1.45 miles

  • Columbus School

    1.48 miles

  • FCC Nursery School

    1.04 miles

  • Landmark Preschool (Westport Campus)

    5.36 miles

  • Grace Daycare and Learning Center

    5.83 miles

  • Children's Learning Centers of Fairfield County

    6.34 miles

Frequently Asked Questions

How much does Lender-Facilitated Sale: Value-Add Office | 40 Richards cost?

The sale price for Lender-Facilitated Sale: Value-Add Office | 40 Richards is available upon request. Contact the listing broker for more information.

What is the total square footage of Lender-Facilitated Sale: Value-Add Office | 40 Richards?

Lender-Facilitated Sale: Value-Add Office | 40 Richards totals 152,609 square feet.

When was this property built?

Lender-Facilitated Sale: Value-Add Office | 40 Richards was built in 1985.

Looking for more in-depth information on this property?

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Contact Listing Broker
broker
Doug Clark

RealINSIGHT Marketplace

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