735-737 Villa Avenue
Fairfield, CT 06825
Fully Leased Retail/Office Building for Sale at $1,200,000
Angel Commercial, LLC, acting as the exclusive commercial real estate broker, is pleased to offer a fully leased retail/office building at 735-737 Villa Avenue in Fairfield, CT, for sale at $1,200,000. The 3,625 SF building is in a prime commuter location, minutes from I-95 and the Fairfield Metro Train Station. The first floor is leased to SoapBox Laundromat and the second floor is leased to MavinGreen LLC, an accounting firm. The Projected 2023 Net Operating Income is $83,874 and the Cap Rate is 6.99%.
There is abundant parking with 47 shared spaces on the 0.63-acre property. A second opportunity, located at 226 Kings Highway East, is a multi-use building with a retail store on the first floor and five fully leased residential apartments on the second floor. It is also currently for sale at $2.2 million.
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.
735-737 Villa Avenue in Fairfield, CT, is 1.2 miles from I-95 (Exit 24), 1.4 miles to the Fairfield Metro Train Station, and 2 miles to the Route 8 Connector to Route 25 and the Merritt Parkway.
Angel Commercial, LLC
|Real Estate Taxes:||$10,222* (2023)|
|Common Charges:||$2,298* (2023)|
|Projected Net Operating Income:||$83,874* (2023)|
|Building Size:||3,625 SF|
|Land:||0.63 Acres (Shared)|
|Zoning:||Designed Commercial District (DCD)|
|Construction:||Brick Veneer, Vinyl Siding|
|Year Built:||1992, Renovated 2023|
|Traffic Count:||10,263 Average Daily Volume|
|Parking:||47 Spaces in Common|
|Demographics||3 Miles||5 Miles|
|Median HH Income:||$63k||$68.5k|