115 Main St., a mixed-use property in Norwalk has been sold after receiving strong interest and multiple offers from prospective buyers. The property, consisting of nine residential units above four ground-floor retail spaces and totaling 9,768 square feet, was exclusively listed by Choyce Peterson Inc., a commercial real estate brokerage firm.
The seller, 115 Main Street Norwalk LLC, was led by Frank Fraulo. Choyce Peterson’s Vice President and Capital Markets Leader Scott Peterson and Associate James Riffice brought the property to market. Their multichannel marketing approach, paired with direct outreach to targeted investors, generated immediate attention and resulted in several competitive offers.
“The level of interest and the speed in which we were able to get an offer was incredible,” said Fraulo, managing director of 115 Main Street Norwalk LLC. Scott and James did a phenomenal job ensuring that our property was prepared well and presented to the appropriate market to attract credible buyers….”
Fairfield County MerrittView
383 Main Avenue Norwalk, CT 06851 (203) 356-9600
Choyce Peterson Sells Mixed-Use Property in Norwalk, CT
Highly Competitive Sale Process
“115 Main Street has solid rental income and a great location along the Route 7 corridor,” said Scott Peterson. “We received very strong interest both from the buyers in Choyce Peterson’s own network and from the broader market.” Peterson continued, “Norwalk’s mixed-use properties, combining retail and multi-family, continue to be in high demand. Given such a highly competitive environment, sellers owe it to themselves to have their mixed-use property presented to a broad market of buyers through a comprehensive marketing approach facilitated by an experienced commercial real estate broker.”
About Choyce Peterson, Inc.
Choyce Peterson, Inc., a full service commercial real estate brokerage with offices in Norwalk, CT and Rye Brook, NY, was founded in 1997 and has negotiated millions of square feet of transactions in 42 states and Canada. The Choyce Peterson process delivers comprehensive and creative real estate solutions to ensure clients derive maximum value from their real estate decisions.
