For Sale Details

$1,625,000
$268.24 / SF
  • Property Type Industrial, Retail
  • Sale Type Investment
  • Status Active
  • Created 02/05/24
  • Updated 02/08/24

About 17 Eliot Street, Fairfield, CT 06824

Angel Commercial, LLC, acting as the exclusive real estate broker, is pleased to offer an investment opportunity with two commercial properties on 0.47 acres for sale at $1,625,000 at 17 & 73 Eliot Street in Fairfield, CT. Included with this offering is a 5,538 SF one-story building on 0.31 acres and a 560 SF one-story steel building on 0.16 acres. The 2023 Net Operating Income was $90,883 and the Cap Rate is 5.59%.

17 Eliot Street is a concrete block service shop with five drive-in doors and is leased to Fairfield Auto Care and All-In-One Lawn Care. 73 Eliot Street is a steel and frame warehouse with two drive-in doors and is leased to Migliarese & Son Landscaping.

Since all three leases expire in Spring 2026, these properties offer a value-add opportunity suitable for the right investor or developer. Improving the property's physical condition could enhance its market appeal, thus increasing its rental or resale value. Additionally, negotiating longer-term leases or renewing existing leases at higher rates can establish a stable income stream.

17 & 73 Eliot Street’s location within a Designed Commercial District (DCD) Zone provides proximity to restaurants, banks, hotels, shopping options, and public transportation. The properties are minutes from I-95 (Exit 22) and the Fairfield Metro-North Train Station. The properties are immediately behind the new Chick-Fil-A restaurant, and near CVS, DSW, Marshall’s, and the Fairfield Shopping Center, soon to be anchored by a Restoration Hardware Outlet. The properties are just down the street from Fairfield University with over 6,000 students and employees.

For more information, please contact Jon Angel, President, Angel Commercial, LLC, at (203) 335-6600, Ext.​ 21.​

Building Details

  • Tenancy: Multitenant
  • Building Area (SF): 6,058
  • Year Built: 1958
  • Drive In Doors: 7
  • Number of Stories: 1
  • Number of Buildings: 2

Land Details

  • Acreage: 0.47
  • Gas: Yes
  • Sewage System: Public Sewer
  • Water System: Public Water

Financial Characteristics

  • Net Operating Income: $90,883
  • Cap Rate: 5.5%
  • Financials Year: 2023
  • Occupancy Percent: 100%

The Industrial, Retail property at 17 Eliot Street, Fairfield, CT 06824 is currently available for sale. Contact Jon Angel from Angel Commercial, LLC for more information.