387 Tunxis Hill Road, Fairfield, CT 06825
387 Tunxis Hill Road
Fairfield, CT 06825
![16 - 387 Tunis Hill Road is a 21,921 SF Industrial Building on 1.47 Acres 16 - 387 Tunis Hill Road is a 21,921 SF Industrial Building on 1.47 Acres](https://angelcommercial.com/wp-content/uploads/bb-plugin/cache/16-387-Tunis-Hill-Road-is-a-21921-SF-Industrial-Building-on-1.47-Acres-scaled-panorama-3c679091c3b00ea97190b630f01b8266-ch936fma4jtu.jpg)
Investment & Redevelopment Opportunity for Sale at $4,566,000
Angel Commercial, LLC, acting as the exclusive commercial real estate broker, is pleased to offer 387 Tunxis Hill Road in Fairfield, CT, a compelling offering of three parcels including a 21,921 SF industrial building perfectly sited on 1.37 acres, for sale at $4,566,000. The property enjoys a prominent presence due to its exceptional visibility, boasting 198 linear feet of frontage on Tunxis Hill Road (Route 58) with three curb cuts plus a side entrance on Beaver Street and a rear entrance on Soundview Avenue. There is abundant parking with 139 spaces.
Currently configured as a car dealership and service center, this two-story building comes fully equipped. On the first floor, there is a 2,653 SF climate-controlled display room boasting floor-to-ceiling windows on two facades and 2,128 SF of office space. Additionally, there is a spacious 11,360 SF service center with a 24’ ceiling height, equipped with four drive-in doors supporting drive-through access. This area houses an overhead storage platform and a sloping conveyor system for seamless product transportation between levels.
The offering is made more versatile by the inclusion of two parcels totaling 0.34 acres at 24 & 42 Soundview Avenue. 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.
The properties are situated in an advantageous location within the Neighborhood Design District (NDD), Design Commercial District (DCD), and Residential B (B) Zones, offering a plethora of opportunities for varied uses.
387 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.
Financial Information | |
Sale Price: | $4,566,000 |
Real Estate Taxes: | $88,252 (2023) |
The Site | |
Space Available: | 21,921 SF |
Building Type: | Auto Dealership |
Total Building Size: | 21,921 SF |
Land: | 1.47 Acres |
Zoning: | Neighborhood Design District (NDD), Design Commercial District (DCD) and Residential B (B) Zones |
Year Built: | 1930 |
Construction: | Concrete /Cinderblock |
Stories: | Two |
Tenancy: | Single |
Features | |
Traffic Count: | 9,591 Average Daily Volume |
Parking: | 137 Surface Spaces |
Ceiling Height: | 24' (Service Area) |
Loading: | Two 10' W x 10' H Drive-In Doors, 10' W x 9' H Drive-In Door, 10' W x 12' H Drive-In Door |
Amenities: | Monument Signage, Oil/Water Separators, Underground Storage Tanks, Inclined Conveyor, 6 Restrooms |
Utilities | |
Water/Sewer: | City/City |
A/C: | Central Air Conditioning (Office & Showroom) |
Heating: | Gas |
Power: | 400 Amps |
Demographics | 1 Mile | 3 Mile |
Population: | 42.3k | 196k |
Median HH Income: | $84.5k | $82k |
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