For Sale Details
$245.10 / SF
- Property Type Retail / Storefront
- Status Cancelled
- Created 03/11/22
- Updated 02/19/24
About 226 Kings Highway East & 735-737 Villa Avenue, Fairfield, CT 06825
Multi-Use Property with Income Stream from Office, Retail & Apartments in a Prime High Traffic Location and Busy Neighborhood Shopping Destination for Sale at $2,900,000
Angel Commercial, LLC, acting as the exclusive commercial real estate broker, is pleased to offer a multi-use property with an income stream from office, retail, and apartments located at 226 Kings Highway East and 735-737 Villa Avenue in Fairfield, CT, for sale at $2,900,000. The property is in a prime high-traffic location and a busy neighborhood shopping destination on a triangular corner lot with frontage on two streets (Route 1 & Villa Avenue) and two curb cuts. It has excellent visibility and is easily accessible.
The property is ideal for a business owner looking to purchase and occupy a retail store, with the benefit of an additional income stream from multiple sources, or as a potential development opportunity by converting the retail space to residential apartments. With 47 shared parking spaces on 0.63 acres in a Designed Commercial District (DCD) zone, the property consists of two adjacent buildings.
226 Kings Highway East is an 8,207 SF two-story building with a wrap-around canopy configured for six tenants. A 4,115 SF retail store on the first floor is currently available for rent that includes an additional 930 SF of space in the unfinished basement, which has a utility sink and a second egress from the exterior of the building via an overhead door. On the second floor, there is 4,092 SF which consists of five leased one-bedroom, one-bath apartments. This property is also for sale as an individual asset for $2,200,000.
735-737 Villa Avenue is a 3,625 SF two-story building configured for two tenants: Soap Box Laundromat has a triple net lease for the first floor and Mavengreen has a lease for the 840 SF of office space on the second floor. This property is also for sale as an individual asset for $1,200,000.
The property is across the street from Super Stop & Shop and Starbucks, and near Walgreens, Meineke Car Care Center, Nutmeg Bowl, Chaves Bakery & Deli, and the new Floor & Décor and Aldi Supermarket.
226 Kings Highway East & 735-737 Villa Avenue in Fairfield, CT, are 1.2 miles from I-95 (Exit 24) and 2 miles to the Route 8 Connector to Route 25 and the Merritt Parkway.
For more information, please contact Jon Angel, President, Angel Commercial, LLC, at (203) 335-6600, Ext. 21.
Building Details
- Tenancy: Multitenant
- Building Area (SF): 11,832
- Year Built: 1938 - 1992
- Number of Stories: 2
- Number of Buildings: 2
Land Details
- Parking Count: 47
- Acreage: 0.63
- Gas: Yes
- Sewage System: Public Sewer
- Water System: Public Water
Financial Characteristics
- Occupancy Percent: 65%
The Retail / Storefront property at 226 Kings Highway East & 735-737 Villa Avenue, Fairfield, CT 06825 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
