The sale of 85 Washington Street, Unit 1F, represents a significant milestone for the South Norwalk commercial real estate market. This transaction not only underscores the continued demand for high-quality, move-in-ready office space but also highlights the sophistication and expertise required to match unique properties with the right buyers.
Sale Details
This office condominium’s sale demonstrates the effectiveness of a targeted approach in a competitive market. The collaboration between experienced brokers, an engaged seller, and a visionary buyer resulted in an efficient and rewarding transaction for all parties.
- Seller’s Exclusive Broker: Scott Peterson & Charlene O’Connell, Choyce Peterson, Inc.
- Asset Class: Office Condominium
- Sale Price: $900,000
- Size: 3,000 Square Feet (SF)
- Buyer: Hondo Holdings, owner-occupant
- Seller: Orange Spaces, LLC
Property Summary
The 3,000-square-foot unit offers an exceptional blend of modern renovations and distinctive features, making it a standout opportunity in the heart of South Norwalk. Its design and amenities cater to forward-thinking businesses seeking both efficiency and character in their workspace.
- Address: 85 Washington Street, Unit 1F, South Norwalk, CT
- Total Building Square Footage: 25,000 SF
- Number of Suites: 1 (full-floor unit)
- Year Renovated: Recently renovated
- Building Type: Office Condominium
- Private parking and a dedicated entrance
- Glass-enclosed offices
- Updated kitchen
- Polished concrete floors
- Executive conference room built in a former bank vault
- Prime downtown location: within 1 mile of I-95 and the Route 7 Connector
- Six-minute walk to South Norwalk train station
Marketing Strategy and Execution
A precise and multi-faceted marketing strategy was essential to maximize exposure and appeal. The brokers at Choyce Peterson, Inc. tailored their outreach to both owner-occupants and tenants in the Fairfield County area, effectively showcasing the property’s unique strengths.
- Targeted marketing campaign launched across Fairfield County
- Messaging highlighted property features and superior location
- Outreach focused on owner-occupants seeking strategic downtown addresses
- High level of buyer interest, generating multiple inquiries
- Competitive offer secured quickly
- Brokers facilitated a seamless negotiation process and timely closing
South Norwalk Advantage: Connectivity, Amenities, and Vibrant Surroundings
Located in the vibrant South Norwalk (SoNo) district, the property benefits from unparalleled access to amenities, transportation, and lifestyle attractions. The surrounding neighborhood continues to attract businesses and professionals with its dynamic mix of dining, culture, and convenience.
- Washington Prime (141 Washington St) – Upscale steakhouse popular for business lunches, dinners, and networking events.
- The Maritime Aquarium (10 N Water St) – A cornerstone attraction drawing regional visitors and enhancing the area’s profile.
- SONO Collection Mall (100 N Water St) – Modern shopping center featuring luxury retailers and entertainment options.
This office condominium places its occupants at the center of South Norwalk’s commercial and cultural scene. Within a short distance of I-95, proximity to the Metro-North train station, and a walkable environment surrounded by top-rated restaurants and attractions, the location delivers prestige, convenience, and connectivity.
Conclusion
Strategic marketing, professional guidance, and a desirable downtown product combined to create a successful outcome for both seller and buyer. The sale of 85 Washington Street, Unit 1F, not only validates the continued strength of the South Norwalk office market but also reinforces the value of expertise in matching specialty properties with the right investors.
Client Testimonials
“We really appreciated Charlene and Scott’s guidance, responsiveness, and commitment, which made the entire process very smooth. As they said in the beginning, it was a great space—but only for the right person at the right time. We are happy for the early hustle to promote our listing and get our space well known in the market. Working with Charlene and Scott made a big difference.”
— Greg Stewart, Seller, Orange Spaces, LLC
“We are looking forward to this next chapter in our company’s growth as we relocate from Stamford to the exciting neighborhood of South Norwalk. This space is perfect for our financial services company, and we appreciate the smooth sales process that Choyce Peterson facilitated.”
— Shawn Matthews, Buyer, Hondo Holdings
Insights into the Transaction and Property Appeal
- What is the history of this property?
Originally developed as a bank branch, the unit has been fully renovated into a modern office condominium, retaining unique elements such as the former bank vault repurposed as a conference room. - What features stood out to the buyer?
The combination of a prime downtown location, turnkey renovations, private parking, and the distinctive conference room were key decision factors. - Why is this a strong location for office ownership?
Great access to I-95, walkability to transit and amenities, and the dynamic South Norwalk neighborhood make it an ideal setting for business operations. - Was this a competitive bidding process?
Yes, the property generated considerable interest, and the brokers were able to negotiate a favorable offer in a short period. - What are the buyer’s plans for the property post-sale?
Hondo Holdings will relocate its operations from Stamford, taking advantage of the property’s amenities and strategic location to support ongoing business growth.
