For Sale Details
$633.33 / SF
- Property Type Retail / Freestanding
- Sale Type Investment
- Status Closed
- Created 06/26/23
- Updated 12/13/23
- Closed On 12/13/23
- Closing Price $0
About 1610 Post Road, Fairfield, CT 06824
Angel Commercial, LLC, acting as the exclusive commercial real estate broker, is pleased to present a fully leased 4,500 SF commercial property situated on 0.35 acres in the heart of Fairfield Center. Located at 1610 Post Road in Fairfield, CT, this property is available for sale at $2,850,000. The commercial property boasts three tenants with NNN leases: Lantern Point Taverna, Bonkers Cupcakes, and BoHo Prep. With a projected Net Operating Income (NOI) of $180,792 and a cap rate of 6.34%, this investment stands to provide excellent returns. Plus, there is an exterior storage area on the premises that generates additional income with 3% escalations per year.
Conveniently situated across the street from Rite Aid Drug Store, the property offers ample parking with 27 spaces.
Located in a Center Designed Business District (CDD) Zone, 1610 Post Road enjoys a strategic location close to a variety of boutiques, high-end stores, and popular establishments such as Loft, Chico's, Apricot Lane, Starbucks, The Pantry, Morgan Stanley, Jos. A. Banks Clothing, Fidelity Investments, TD Bank, Fairfield University Bookstore, Fairfield Theater Company, and Sacred Heart University Community Theater. Accessibility is further enhanced by shuttle services provided by Fairfield University and Sacred Heart University, catering to a combined student population of over 16,000. The property is conveniently positioned next to the Fairfield Metro-North Train Station, just minutes away from I-95 (Exit 21), and steps away from a Greater Bridgeport Transit Bus Stop at Post Road and Ruane Street.
Don't pass up this incredible investment opportunity in a prime location boasting high visibility, substantial foot traffic, and a thriving commercial community.
For more information, please contact Jon Angel, President, Angel Commercial, LLC, at (203) 335-6600, Ext. 21.
Building Details
- Tenancy: Multitenant
- Building Area (SF): 4,500
- Year Built: 1929
- Percent Finished: 100%
- Number of Stories: 1
- Number of Buildings: 1
Land Details
- Parking Count: 27
- Acreage: 0.35
- Gas: Yes
- Sewage System: Public Sewer
- Water System: Public Water
Financial Characteristics
- Net Operating Income: $180,792
- Cap Rate: 6.3%
- Occupancy Percent: 100%
The Retail / Freestanding property at 1610 Post Road, Fairfield, CT 06824 is currently available for sale. Contact Jon Angel from Angel Commercial, LLC for more information.
For Sale by
Call:
203-335-6600
Ext: 21
Company:
Angel Commercial, LLC
Email:
jangel@angelcommercial.com
