For Sale Details
$295.81 / SF
- Property Type Mixed-Use / Commercial / Residential
- Sale Type Investment
- Status Active
- Created 05/21/24
- Updated 03/17/25
About 226 Kings Highway East, Fairfield, CT 06825
Angel Commercial, LLC, as the exclusive commercial real estate broker, presents a prime investment opportunity at 226 Kings Highway East and 735-737 Villa Avenue in Fairfield, CT. This parcel includes two fully leased mixed-use properties available for acquisition at $3,500,000. The 2024 annualized net income is $227,243, reflecting a 6.49% cap rate.
Strategically positioned within a highly trafficked and commercially vibrant area, these two-story buildings occupy a distinctive triangular lot with dual street frontages on Route 1 and Villa Avenue, complemented by two curb cuts, ensuring unparalleled visibility and accessibility. Ample parking facilities are provided, with 47 shared spaces on a lot measuring 0.63 acres.
Both buildings' electrical and HVAC systems have been upgraded to meet current building codes. Though considered one parcel, each building has its unique address.
- The two-story building at 226 Kings Highway East spans approximately 8,207 SF and features a newly installed roof backed by a 20-year warranty. The ground level is leased by ARISU, an anime store covering the entire 4,115 SF first floor, with an additional 930 SF in the unfinished basement. This retail space is securely leased through May 2029. The second floor houses the Landmark Square Apartments, which include five fully leased residential units.
- The two-story building at 735-737 Villa Avenue is 3,625 SF and accommodates two tenants: Soap Box Laundromat on the first floor and MavenGreen, an accounting firm, on the second floor. A new roof with a 25-year warranty was installed in 2024.
This property offers a highly desirable location surrounded by restaurants, retail stores, banks, fitness gyms, and a hotel. Its neighbors include TJ Maxx, Super Stop & Shop with Starbucks, Planet Fitness, M&T Bank, Dunkin, Floor & Decor, Aldi Grocery Store, and Best Western.
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: 1838 - 1932
- Percent Finished: 100%
- 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
- Net Operating Income: $227,243
- Cap Rate: 6.4%
- Financials Based On: Actual
- Financials Year: 2024
- Occupancy Percent: 100%
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
