NORWALK — A mixed-use property at 115 Main St. in Norwalk sold for $2.6 million after multiple offers from prospective buyers, according to a real estate broker.
The property, which consists of nine residential housing units above four ground-floor retail spaces, was listed by Choyce Peterson Inc., a commercial real estate brokerage firm. The mixed-use building has a total of 9,768 square feet of space.
The seller, 115 Main St Norwalk LLC, led by Frank Fraulo, entrusted Choyce Peterson Vice President Scott Peterson and associate James Riffice to market the property.
The buyer was Strawberry Hill Realty LLC, according to Peterson, who described the building at 115 Main St. as having a "solid rental income and a great location along the Route 7 corridor.”
“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 St 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. I was very happy with the outcome.”
The building garnered “strong interest both from the buyers in Choyce Peterson’s own network and from the broader market.” Peterson said. “Norwalk’s mixed-use properties, combining retail and multi-family, continue to be in high demand.”
Choyce Peterson Inc., with offices in Norwalk and Rye Brook, N.Y., was founded in 1997.