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$2,350,000
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Property Description
140 Water Street, Norwalk - Prime SoNo Mixed-Use Opportunity. Exceptional opportunity in the heart of downtown SoNo on its main retail corridor. 140 Water Street is a 9,856 SF commercial building w/32 on-site parking spaces, offering outstanding visibility, access, and long-term upside. Property presents mixed-use redevelopment potential, including the possibility of conversion to an 11-12 unit residential building featuring spacious 2 & 3-bedroom apartments, with grd-level commercial space. A conceptual redevelopment scenario reflects approximately 22,500 SF across 4 levels, w/select water views fn upper floors. Architectural renderings are available for review. This offering is particularly well-suited for an end user, investor, or developer, w/multiple paths for repositioning, expansion, or collaboration. Owner is open to creative structures & partnership discussions, adding flexibility to an already compelling opportunity. Unmatched location within walking distance to SONO Collection Mall (Nordstrom & flagship retailers), acclaimed restaurants, cafes, bakeries, boutiques, marinas, maritime center, movie theaters, parks, museums, squash courts, beaches, and public transportation including Metro-North rail. Immediate access to major highways & freeways further enhances convenience & regional connectivity. A rare chance to acquire a lg-scale asset in Fairfield County's most vibrant & evolving waterfront districts, offering current utility & significant future potential
Full Property Details
Full Property Details for 140 Water St
General
- Price: $2,350,000
- Taxes: (July 2025-June 2026)
- Status: Active
- Type: Commercial
- Source: SMARTMLS
- MLS ID: 24147122
- Updated: 1/5/2026
- Added to Site: 201 day(s) ago
Interior
- Flooring: Wall-To-Wall Carpet
Parking
- Uncovered Spaces: 32
Location
- County: Fairfield
- Neighborhood: Sono
- Driving Directions: Water Street to #140 it is the pink building next to Rex Marina and in front of Paganos Seafood.
Community
- Community Name: Sono
Heating & Cooling
- Cooling Type: None
- Heating Type: Hot Air, Natural Gas
- Heating Fuel: Natural Gas
Utilities
- Sewer: Public Sewer Connected
- Water: Public Water Connected
- Utility Description: Electric, Gas, Phone Available, Cable
Structural Information
- Roof: Flat
- Square Feet: 9,856
- Sq. Ft. Source: Public Records
- Current Bldg. Use: Flexible
- Year Built: 1955
Lot Features
- Lot Size (Acres): 0.54
- Frontage: Municipal Street
- Present Use: Flexible
- Zoning: MC
- Lot Description: Level Lot
Financial Considerations
- Assessment Amount: $1,053,140
- Tax Year: July 2025-June 2026
Disclosures and Reports
- Documents Avail.: Brochure, Demographic Data, Photo/Survey, Plot Plan/Survey, Other
- Property ID: 235001
Listed by Silver Pine Real Estate, Shalini Madaras
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Schools
Schools serving 140 Water St
School District:Norwalk School District
| Name | Grades | Distance |
|---|---|---|
Tracey School 20 Camp Street, Norwalk, CT 06851 | K-5 | 2.1 mi |
West Rocks Middle School 81 West Rocks Road, Norwalk, CT 06851 | 6-8 | 2.7 mi |
Norwalk High School 23 Calvin Murphy Drive, Norwalk, CT 06851 | 9-12 | 2.3 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 140 Water St
Date
Details
Price
Change
Source
1/04/2026
Listed
$2,350,000
44.62%
MLS
5/27/2008
Sold
$1,625,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 140 Water St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$50,110
2%
$2,096,650
—
2023
$49,366
7%
$2,096,650
14%
2023
$46,022
2%
$1,834,570
—
2022
$45,030
2%
$1,834,570
—
2021
$43,967
—
$1,834,570
—
2020
$43,949
3%
$1,834,570
—
2019
$42,773
39%
$1,834,570
59%
2018
$30,718
4%
$1,154,590
—
2017
$29,652
1%
$1,154,590
—
2016
$29,373
—
$1,154,590
—
2015
$29,292
1%
$1,154,590
—
2014
$28,912
17%
$1,154,590
3%
2011
$24,795
—
$1,119,930
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 140 Water St
140 Water Street, Norwalk, CT 06854 (MLS# 24147122) is a Commercial property. 140 Water Street is currently listed for $2,350,000 and was received on January 04, 2026. Want to learn more about 140 Water Street? Do you have questions about finding other Commercial real estate for sale in Norwalk? You can browse all Norwalk real estate or contact a Coldwell Banker agent to request more information.

