For Sale Details
$268.06 / SF
- Property Type Mixed-Use / Commercial / Residential
- Status Active
- Created 01/12/23
- Updated 04/11/23
About 226 Kings Highway East, Fairfield, CT 06825
Angel Commercial, LLC, acting as the exclusive commercial real estate broker, is pleased to offer an investment or owner-occupant opportunity with an income stream from multi-family residential at 226 Kings Highway East in Fairfield, CT, for sale at $2,200,000. The two-story building 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. This is a unique opportunity for a retail tenant to become a property owner while supplementing their income and building equity.
The 8,207 SF building has a new roof with a 20-year warranty. On the first floor, a vacant 4,115 SF retail store is currently for lease at $25/SF NNN ($102,875/year NNN). This store includes an additional 930 SF of space in the unfinished basement, which has a second egress from the exterior of the building via an overhead door. On the second floor, there are five fully leased residential apartments generating $80,400 gross per annum. There is abundant parking with 47 shared parking spaces on the 0.63-acre property.
A second opportunity, located at 735-737 Villa Avenue, is a fully leased multi-use building with a retail store on the first floor and an office suite on the second floor. It is also currently for sale at $1,200,000.
The building 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 in Fairfield, CT, is 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.
- Tenancy: Multitenant
- Building Area (SF): 8,207
- Year Built: 1938
- Percent Finished: 100%
- Number of Stories: 2
- Number of Buildings: 1
- Parking Count: 47
- Acreage: 0.63
- Gas: Yes
- Sewage System: Public Sewer
- Water System: Public Water
- Occupancy Percent: 50%
Documents for 226 Kings Highway East, Fairfield, CT 06825OFFERING BROCHURE -FOR SALE - 226 Kings Highway East, Fairfield, CT.pdf FACT SHEET - FOR SALE - 226 Kings Highway, Fairfield, CT.pdf
The Mixed-Use / Commercial / Residential property at 226 Kings Highway East, Fairfield, CT 06825 is currently available for sale. Contact Jon Angel from Angel Commercial, LLC for more information.
For Sale by
Angel Commercial, LLC