226 Kings Highway East, Fairfield, CT 06825 – For Sale
226 Kings Highway East
Fairfield, CT 06825
Investment or Owner Occupant Opportunity with Income Stream from Multi-Family Residential for Sale at $2,200,000
Angel Commercial, LLC, acting as the exclusive commercial real estate broker, is pleased to offer an investment or owner-occupant opportunity with an income stream from multi-family residential at 226 Kings Highway East in Fairfield, CT, for sale at $2,200,000. The two-story building 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. This is a unique opportunity for a retail tenant to become a property owner while supplementing their income and building equity.
The 8,207 SF building has a new roof with a 20-year warranty. On the first floor, a vacant 4,115 SF retail store is currently for lease at $25/SF NNN ($102,875/year NNN). This store includes an additional 930 SF of space in the unfinished basement, which has a second egress from the exterior of the building via an overhead door. On the second floor, there are five fully leased residential apartments generating $80,400 gross per annum. There is abundant parking with 47 shared parking spaces on the 0.63-acre property.
A second opportunity, located at 735-737 Villa Avenue, is a fully leased multi-use building with a retail store on the first floor and an office suite on the second floor. It is also currently for sale at $1,200,000.
The building is across the street from Super Stop & Shop and Starbucks, and near Walgreens, Meineke Car Care Center, Nutmeg Bowl, Chaves Bakery & Deli, and the new Floor & Décor and Aldi Supermarket.
226 Kings Highway East in Fairfield, CT, is 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.
Angel Commercial, LLC
|Real Estate Taxes:||$23,146* (2023)|
|Common Charges:||$5,202* (2023)|
|Space Available:||4,115 SF|
|Building Size:||8,207 SF|
|Zoning:||Designed Commercial District (DCD)|
|Year Built:||Completely Renovated 2012|
|Traffic Count:||10,263 Average Daily Volume|
|Parking:||47 Spaces in Common|
|Demographics||3 Miles||5 Miles|
|Median HH Income:||$63k||$68.5k|