225 Lordship Boulevard, Stratford, CT 06615 Approved 93,057 SF Mixed-Use Development Project (101 Units) for Sale at $2,500,000

About 225 Lordship Boulevard, Stratford, CT 06615

Angel Commercial, LLC, acting as the exclusive commercial real estate broker, is pleased to present a premier, fully entitled 93,057 SF mixed-use development opportunity in Stratford’s high-demand coastal corridor at 225 Lordship Boulevard. This permit-ready project is supported by 100% complete construction drawings, offering a seamless transition for a developer to move directly into the municipal building permit phase. The level, cleared 1.38-acre parcel is engineered for a signature 5-story building featuring 100 residential apartments and one ground-floor commercial space.

Strategically located minutes from I-95 (Exit 30) and less than three miles from both the Stratford and Bridgeport Metro-North stations, the property sits within a proven commuter corridor serving New Haven, Stamford, Norwalk, and New York City. This direct regional connectivity supports sustained rental demand and efficient lease-up within Fairfield County’s supply-constrained multifamily market.

The project is projected to achieve a NOI of $2,013,519, providing a clear yield-on-cost opportunity. With full zoning approval secured and FEMA Zone AE elevation requirements fully integrated into the approved architectural plans, a developer can move directly into construction without entitlement uncertainty or design risk.

The residential portion consists of 64 market-rate units and 36 affordable units (80% AMI), aligned with demonstrated submarket demand supported by a one-mile average household income of $174,989. The approved site plan accommodates 120 parking spaces, including 37 covered spaces at grade level, enhancing long-term competitiveness.

Empire 225 – Phase II is Unit 3 within a professionally managed 4.74-acre campus that includes:

• Unit 1 – CubeSmart, a 118,089 SF self-storage facility sold for $16.95 million in 2021.
• Unit 2 – Empire 225 (Phase I), a 78,000 SF luxury apartment community completed in 2020, currently 99% leased, and sold in 2025 for $14.5 million.

The condominium structure is limited to shared site infrastructure—including access drives, lighting, landscaping, and stormwater systems—with no shared building systems or development constraints impacting Phase II construction. Monthly common charges of approximately $300 provide predictable cost allocation for campus-level maintenance.

With Phase I demonstrating strong absorption and successful institutional exit validation, Phase II offers a developer the opportunity to replicate a proven product type in a high-demand, transit-oriented coastal submarket.

For more information, please contact Jon Angel, President, or Eva Kornreich, Vice President, Angel Commercial, LLC, at (203) 335-6600.