For Sale Details
$295.81 / SF
- Property Type Mixed-Use / Commercial / Residential
- Sale Type Investment
- Status Active
- Created 05/21/24
- Updated 07/30/24
About 226 Kings Highway East, Fairfield, CT 06825
As the exclusive commercial real estate broker, Angel Commercial, LLC, proudly presents a premier investment opportunity at 226 Kings Highway East and 735-737 Villa Avenue in Fairfield, CT. The parcel, comprised of two fully tenanted, mixed-use assets, is available for acquisition at a listed price of $3,500,000. The 2024 Annualized Projected Net Income is $228,473 and the Cap Rate is 6.53%.
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.
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.
The property benefits from excellent accessibility. It is steps away from a Greater Bridgeport Transit Bus Stop and conveniently located just 1.2 miles from I-95 (Exit 24) and 1.3 miles from the Fairfield Metro Train Station. These advantageous transportation links solidify its appeal as an exceptionally attractive investment opportunity in Fairfield, CT.
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: $228,473
- Cap Rate: 6.5%
- Financials Based On: Pro Forma
- 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
