360, 387 & 430 Tunxis Hill Road

Fairfield, CT

Industrial for Sale - $14,886,000 - 86,018 Sq. Ft. on 2.65 acres


Agent Info

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

Property Info

CIMLS#1149029
Location
  360, 387 & 430 Tunxis Hill Road
  Fairfield CT 06825
UpdatedDecember 26th, 2023
TypeIndustrial
Price$14,886,000
Building86,018 Sq. Ft.
Land2.65 acres

Property Description

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.


Financials