430 Tunxis Hill Road, Fairfield, CT

Industrial for Sale - $6,720,000 - 43,824 Sq. Ft. on 0.55 acres


Agent Info

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

Property Info

CIMLS#1149028
Location
  430 Tunxis Hill Road
  Fairfield CT 06825
UpdatedDecember 26th, 2023
TypeIndustrial
Price$6,720,000
Building43,824 Sq. Ft.
Land0.55 acres

Property Description

Investment & Redevelopment Opportunity for Sale at $6,720,000

Angel Commercial, LLC, acting as the exclusive real estate broker, is pleased to offer 430 Tunxis Hill Road in Fairfield, CT, a 43,824 SF three-story industrial building with full HVAC on 0.55 acres for sale at $6,720,000. Strategically positioned on a corner lot, the property boasts 200 linear feet of frontage on Tunxis Hill Road (Route 58). There are 25 spaces to display vehicles in the front and side of the building. Drive-thru access from Berkeley Avenue and Marlborough Terrace enhances accessibility.

Currently configured as a car dealership and service center, the building is equipped with a passenger elevator and a separate freight elevator with a 3-ton load capacity. It also features a wet sprinkler system and fiber optics for efficient operations. Two new Trane HVAC units were recently installed to ensure the comfort of clients and staff alike.

The first floor houses a generously-sized 9,456 SF garage with 25 dedicated parking spaces and a 5,152 SF auto service center with 10' ceilings and two 1,200-gallon above-grade gasoline storage tanks. There are six additional parking spaces in the rear of the building.

The upper levels offer 29,216 SF of versatile space. The second-floor functions as an automobile showroom, complemented by two well-appointed restrooms. The third floor accommodates additional showroom space, an employee lounge, a conference room, and two additional restrooms.

On the rooftop, there is additional parking, a garage, and a view of Long Island Sound.

430 Tunxis Hill Road, Fairfield, CT, is part of the Tunxis Hill Portfolio on Route 58 in Fairfield, CT, for sale at $14,886.000. This portfolio consists of three distinct properties, 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.

For more information, please contact Jon Angel, President, Angel Commercial, LLC, at (203) 335-6600, Ext.​ 21.


Financials



Similar Listings