Tunxis Hill Portfolio, Fairfield, CT 06825
Tunxis Hill Porfolio
Fairfield, CT 06825
Redevelopment Opportunity: Portfolio of Three Auto Dealership Properties on Route 58 for Sale at $14,886,000
Angel Commercial, LLC, as the exclusive commercial real estate broker, is pleased to present the Tunxis Hill Portfolio for sale at $14,886,000. This unique portfolio features three auto dealerships/service centers, occupying a combined 2.77 acres along Route 58 in Fairfield, CT. These properties, which are also available for purchase individually, offer excellent visibility and accessibility in a prime location along a bustling shopping route bordering a residential neighborhood less than two miles from Fairfield University with over 6,000 students and employees. The portfolio presents a remarkable redevelopment opportunity, with potential for retail, mixed-use developments, or residential projects, subject to zoning approval.
The individual properties within this portfolio are as follows:
- 360 Tunxis Hill Road, a 20,273 SF two-story industrial building on 0.85 acres, priced at $3,600,000.
- 387 Tunxis Hill Road, a 21,921 SF two-story industrial building on 1.37 acres, priced at $4,566,000, which includes two additional parcels totaling 0.34 acres currently utilized for parking, offering flexibility for separate sales.
- 430 Tunxis Hill Road, a 43,824 SF three-story building on 0.55 acres, priced at $6,720,000.
The properties are strategically located near I-95 (1.2 miles), the Fairfield Metro Train Station (1.6 miles), and at a Greater Bridgeport Transit Bus Stop. Neighbors include TJ Maxx, Stop & Shop, Aldi Grocery Store, and Floor & Decor.
This portfolio represents a rare opportunity to invest in prime real estate with significant redevelopment potential. For more information, please contact Jon Angel, President, Angel Commercial, LLC, at (203) 335-6600, Ext. 21.
Financial Information | |
Sale Price: | $14,886,000 |
Real Estate Taxes: | $272,255.48 (2024) |
The Site | |
Space Available: | 86,018 SF |
Building Type: | Auto Dealership |
Land: | 2.77 Acres |
Zoning: | Neighborhood Designed Business District (NDBD), Designed Commercial District (DCD) and Residential B (B) |
Year Built: | 1930-1991 |
Stories: | One to Three |
Tenancy: | Single & Multiple |
Features | |
Traffic Count: | 9,591 Average Daily Volume |
Parking: | Abundant |
Ceiling Height: | Up to 24' |
Loading: | Each Building has Two or More Drive-In Doors |
Utilities | |
Water/Sewer: | City/City |
A/C: | Partial Central Air-Conditioning |
Heating: | Gas & Oil |
Demographics | 1 Mile | 3 Mile |
Population: | 42.3k | 197k |
Median HH Income: | $84.5k | $72.2k |
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