226 Kings Highway East, Fairfield, CT

Retail for Sale - $2,900,000 - 11,832 Sq. Ft. on 0.63 acres


Agent Info

Jon Angel, President
Angel Commercial, L.L.C.

Property Info

CIMLS#1117324
Location
  226 Kings Highway East
  Fairfield CT 06825
UpdatedOctober 17th, 2022
TypeRetail
Price$2,900,000
Building11,832 Sq. Ft.
Land0.63 acres

Property Description

Angel Commercial, LLC, acting as the exclusive commercial real estate broker, is pleased to offer a multi-use property located at 226 Kings Highway East and 735-737 Villa Avenue in Fairfield, CT, for sale at $2,900,000. The property 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.

The property is ideal for a business owner looking to purchase and occupy a retail store with the benefits of an additional income stream from multiple sources, or as a potential development opportunity by converting the retail space to residential apartments. With 47 shared parking spaces on 0.63 acres in a Designed Commercial District (DCD) zone, the property consists of two adjacent buildings.

226 Kings Highway East is an 8,207 SF two-story building with a wrap-around canopy configured for six tenants. A 4,115 SF retail store on the first floor is currently available for rent that includes an additional 930 SF of space in the unfinished basement, which has a utility sink and a second egress from the exterior of the building via an overhead door. On the second floor, there is 4,092 SF which consists of five leased one-bedroom, one-bath apartments.

735-737 Villa Avenue is a 3,625 SF two-story building configured for two tenants: Soap Box Laundromat has a triple net lease for the first floor and Mavengreen has a lease for 840 SF of office space on the second floor.

The property is across the street from Super Stop & Shop and Starbucks, and near the new Floor & Décor and Aldi Supermarket, Walgreens, Meineke Car Care Center, Nutmeg Bowl, and Chaves Bakery & Deli.

226 Kings Highway East & 735-737 Villa Avenue in Fairfield, CT, are 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.


Financials



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