Commercial Real Estate News
Acquisition & Disposition
Fresh Start for Former Stratfield Market Property
FAIRFIELD, CT – August 1, 2017 — The former Stratfield Market building at 1280 Stratfield Road in Fairfield, CT, has a new owner and a chance at a fresh start announced Jon Angel, president of Southport-based Angel Commercial, LLC. A private investment group has purchased the property for $1,200,000 from Urstadt-Biddle of Greenwich, CT, who acquired the property just a few months ago. The retail property is a 9,612 SF two-story commercial building on 0.90 acres of land in the Stratfield Section of Fairfield, CT.
The building has been vacant for over a decade. The Stratfield Market was open for over 50 years and closed in 2006 after lease negotiations with the landlord failed. Walgreens attempted to open a store at this location but drew strong opposition from neighbors.
“The new property owners are focused on securing an appropriate tenant for the neighborhood,” states Angel who was the sole broker in this transaction. “While a new food market is certainly a possibility, there are many potential uses for this property, and it remains available.”
Located at a four-way signalized intersection at the corner of Stratfield Road and Fairfield Woods Road with four curb cuts, the property is easily accessible and in the hub of a neighborhood shopping area. The property provides 35 parking space, 214′ linear feet of frontage on Stratfield Road, and prominent pole signage. Those interested in leasing the property may contact Jon Angel at (203) 335-6600.
Angel Commercial, L.L.C. is a full-service real estate brokerage firm headquartered in Fairfield County, Connecticut. The company specializes in the acquisition, disposition, and leasing of office, industrial, multifamily and retail properties on a local and national level. Visit Angel Commercial, L.L.C. on the web at www.angelcommercial.com.