For Sale
$9,000,000

1 Post RdFairfield, CT 06824

Prime CT Office Building, Development Potential

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional Fairfield, CT property offers a unique investment opportunity. A fully leased, 32,239 square foot, three-story executive office building boasts high-end finishes, a waterfront boardwalk overlooking Ash Creek, and 121 paved parking spaces. The building, constructed in 1985 and situated on 1.954 acres, features a recently updated elevator system, new gas furnace (installed since 2020), and a new roof (installed in 2020). Its prime location provides 383 linear feet of frontage on Post Road, ensuring excellent visibility and convenient access to major retailers, public transportation, and I-95. The property is zoned for Designed Commercial District (DCD) and includes approved plans for a 20-unit apartment building, presenting a significant development opportunity. The current 100% occupancy generates a Net Operating Income (NOI) of $547,259, resulting in a 6.08% capitalization rate. The asking price is $9,000,000. This investment offers a blend of immediate income and substantial future growth potential. The building's net rentable area is 30,300 square feet.

Highlights

  • Rare waterfront development opportunity with approved plans for a 20-unit apartment building.
  • Fully leased, 32,239 SF, three-story executive office building with high-end finishes and boardwalk.
  • High-visibility location with 383 linear feet of Post Road frontage.
  • Recently updated with a new roof (2020), elevator, and gas furnace.
  • Ample parking: 121 paved spaces.
  • Excellent location near restaurants, shopping, public transit, Whole Foods, and Home Depot.

Property Details for 1 Post Rd

Property type
Office properties
Square Feet
32,239 SF
Year Built
1985
Buildings
1
Stories
3

Location Insight

City
Fairfield
County
Fairfield
State
Connecticut
Latitude
41.153271671018
Longitude
-73.237670251833
1 Post Rd, Fairfield, Connecticut

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1 Post Rd
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