40 RICHARDS AVE NORWALK CT 06854-2319
Value-Add Office Investment Opportunity | 152,609 SF Institutional Asset | Fairfield County, CT
Marketing description
40 Richards Avenue presents a rare opportunity to acquire a landmark office asset in one of Connecticut's most established and strategically located commercial markets. Encompassing approximately 152,609 square feet across seven stories, the property offers investors and owner-users the scale, infrastructure, and flexibility needed to execute a variety of business plans.
The asset features institutional-quality construction, extensive on-site amenities, and efficient floorplans that can accommodate traditional office tenants, medical users, educational institutions, corporate headquarters, or adaptive reuse concepts. Its highly accessible location provides immediate connectivity to major transportation corridors and the broader New York metropolitan area.
Whether pursuing a value-add investment strategy, headquarters relocation, long-term hold, or redevelopment opportunity, 40 Richards Avenue offers a compelling combination of location, scale, and future upside in a market with significant barriers to entry. Opportunities to acquire office assets of this size and quality in Fairfield County are increasingly limited, making this a unique opportunity to create value and maximize returns.
Investment highlights
- 152,609 SF Class A Office Asset situated on approximately 8.4 acres in the heart of Fairfield County.
- Exceptional opportunity for investors, owner-users, or redevelopment groups seeking a well-located institutional-quality asset.
- Prominent corporate campus with strong visibility and convenient access to I-95, Route 7, Route 1, and the Merritt Parkway.
- Existing infrastructure includes fitness facilities, conference amenities, cafeteria space, EV charging stations, backup power capabilities, and abundant parking.
- Flexible floorplans capable of supporting multi-tenant operations, single-tenant occupancy, or adaptive reuse strategies.
- Significant upside through lease-up, repositioning, modernization, or conversion opportunities.
- Located within one of Connecticut's most desirable business corridors with proximity to New York City and Metro-North commuter rail.
- Ample parking and campus-style setting create a competitive advantage for future tenants and users.
- Attractive acquisition basis relative to replacement cost.
- Well-positioned to capitalize on evolving office, medical, educational, flex, and mixed-use demand trends.
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