For Sale Details
$268.06 / SF
- Property Type Mixed-Use / Commercial / Residential
- Status Cancelled
- Created 01/12/23
- Updated 02/19/24
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.
Building Details
- Tenancy: Multitenant
- Building Area (SF): 8,207
- Year Built: 1938
- Percent Finished: 100%
- Number of Stories: 2
- Number of Buildings: 1
Land Details
- Parking Count: 47
- Acreage: 0.63
- Gas: Yes
- Sewage System: Public Sewer
- Water System: Public Water
Financial Characteristics
- Occupancy Percent: 50%
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
Call:
203-335-6600
Ext: 21
Company:
Angel Commercial, LLC
Email:
jangel@angelcommercial.com
