This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

Fairfield Premier Mixed-Use Portfolio

2 Retail Properties Offered at £2,765,035 in Fairfield, CT

Investment Highlights

  • Premier mixed-use property in Fairfield, CT, listed at $3,500,000.
  • Fully tenanted buildings with retail, residential, and office spaces.
  • Ample parking: 47 shared spaces on a 0.63-acre lot.
  • Projected 2024 annual net income of $228,473 with a 6.53% cap rate.
  • High visibility with dual street frontages on Route 1 and Villa Avenue.
  • Excellent accessibility near major retailers, restaurants, and transit links.

Executive Summary

As the exclusive commercial real estate broker, Angel Commercial, LLC, proudly presents a premier investment opportunity at 226 Kings Highway East and 735-737 Villa Avenue in Fairfield, CT. The parcel, comprised of two fully tenanted, mixed-use assets, is available for acquisition at a listed price of $3,500,000. The 2024 Annualized Projected Net Income is $228,473 and the Cap Rate is 6.53%.
Strategically positioned within a highly trafficked and commercially vibrant area, these two-story buildings occupy a distinctive triangular lot with dual street frontages on Route 1 and Villa Avenue, complemented by two curb cuts, ensuring unparalleled visibility and accessibility. Ample parking facilities are provided, with 47 shared spaces on a lot measuring 0.63 acres.
Though considered one parcel, each building has its unique address.
The two-story building at 226 Kings Highway East spans approximately 8,207 SF and features a newly installed roof backed by a 20-year warranty. The ground level is leased by ARISU, an anime store covering the entire 4,115 SF first floor, with an additional 930 SF in the unfinished basement. This retail space is securely leased through May 2029. The second floor houses the Landmark Square Apartments, which include five fully leased residential units.
The two-story building at 735-737 Villa Avenue is 3,625 SF and accommodates two tenants: Soap Box Laundromat on the first floor and MavenGreen, an accounting firm, on the second floor. A new roof with a 25-year warranty was installed in 2024.
This property offers a highly desirable location surrounded by restaurants, retail stores, banks, fitness gyms, and a hotel. Its neighbors include TJ Maxx, Super Stop & Shop with Starbucks, Planet Fitness, M&T Bank, Dunkin, Floor & Decor, Aldi Grocery Store, and Best Western.
The property benefits from excellent accessibility. It is steps away from a Greater Bridgeport Transit Bus Stop and conveniently located just 1.2 miles from I-95 (Exit 24) and 1.3 miles from the Fairfield Metro Train Station. These advantageous transportation links solidify its appeal as an exceptionally attractive investment opportunity in Fairfield, CT.
For more information, please contact Jon Angel, President, Angel Commercial, LLC, at (203) 335-6600, Ext. 21.

Property Facts

Price £2,765,035
Price / SF £233.69 / SF
Net Initial Yield 6.53%
Sale Type Investment NNN
Status Active
Number of Properties 2
Individually For Sale 0
Total Building Size 11,832 SF
Total Land Area 0.63 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
226 Kings Hwy E, Fairfield, CT 06825 Retail 8,207 SF 1938 -
735-737 Villa Ave, Fairfield, CT 06825 Retail 3,625 SF 1992 -
Show More > < Show Less
  • Listing ID: 31873186

  • Date on Market: 21/05/2024

  • Last Updated:

  • Address: Fairfield Premier Mixed-Use Portfolio, Fairfield, CT

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}