For Sale Details
$173.06 / SF
- Property Type Industrial / Auto Related
- Sale Type Investment
- Status Active
- Created 09/26/23
- Updated 07/12/24
About 360, 387 & 430 Tunxis Hill Road, Fairfield, CT 06825
Angel Commercial, LLC, acting as the exclusive commercial real estate broker, is pleased to offer the Tunxis Hill Portfolio on Route 58 in Fairfield, CT, for sale at $14,886,000. This portfolio consists of three auto dealerships/service centers, which are also available to purchase as individual assets. Previously the home of the Scap Auto Group, the properties are currently leased to the Gengras Auto Group featuring Chrysler, Jeep, Dodge, RAM, and Mitsubishi. As the Gengras Auto Group is set to move to Commerce Drive in 2025, one investment strategy would be to purchase the properties and seek zoning approval for redevelopment while income is still being generated from the existing tenant.
All three properties are configured as auto dealerships and service centers and have great visibility. They are conveniently located on Tunxis Hill Road in between the shopping destinations of TJ Maxx, Stop & Shop, Aldi, and Floor & Décor. The properties are situated less than a mile away from several prominent new and used car dealerships including Miller Nissan, Audi Fairfield, Mercedes-Benz of Fairfield, Balise Hyundai of Fairfield, Porsche Fairfield, Land Rover Fairfield, and Jaguar Fairfield.
360 Tunxis Hill Road is a 20,273 SF two-story industrial building on 0.85 acres. There is 6,830 SF of separate leasable space on the upper floors. This asset is for sale individually at $3,600,000.
387 Tunxis Hill Road is a 21,921 SF two-story industrial building on 1.37 acres, comprised of three parcels. Two of the three parcels are currently utilized for additional parking as a legal nonconforming use. These parcels offer flexibility as they can be sold as separate assets if not required by the prospective owner. This asset is for sale individually at $4,566,000.
430 Tunxis Hill Road is a 43,824 SF three-story building on 0.55 acres overlooking the Tunxis Hill Neighborhood and Long Island Sound. This asset is for sale individually at $6,720,000.
The properties' strategic location, just 1.2 miles from I-95 (Exit 24) and 1.6 miles from the Fairfield Metro Train Station, makes them highly desirable. Proximity to popular establishments enhances the location's appeal to businesses and customers alike.
For more information, please contact Jon Angel, President, Angel Commercial, LLC, at (203) 335-6600, Ext. 21.
Building Details
- Tenancy: Multitenant
- Building Area (SF): 86,018
- Year Built: 1930 - 1991
- Percent Finished: 100%
- Number of Buildings: 3
Land Details
- Acreage: 2.65
- Gas: Yes
- Sewage System: Public Sewer
- Water System: Public Water
The Industrial / Auto Related property at 360, 387 & 430 Tunxis Hill Road, 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
