For Sale
$3,500,000

226 Kings HwyFairfield, CT 06825

High-yield, fully leased multi-use property.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents two fully leased, mixed-use buildings totaling 11,832 square feet on a 0.63-acre lot in Fairfield, CT's desirable Designed Commercial District (DCD). Offered at $3,500,000, this property boasts a strong 6.53% cap rate and a projected 2024 NOI of $228,473. The buildings, renovated in 2024, feature a mix of retail, office, and residential tenants, ensuring consistent income. Eight tenants occupy the space, with 100% occupancy. The property benefits from high visibility with dual street frontages, ample parking (47 spaces), and excellent accessibility near major retailers, restaurants, and public transportation, including proximity to I-95 and the Fairfield Metro Train Station. Building 1 (226 Kings Highway East) comprises approximately 8,207 square feet, including a newly installed roof with a 20-year warranty. Building 2 (735-737 Villa Avenue) offers 3,625 square feet and also features a new roof with a 25-year warranty. Both buildings are two stories. This prime location, surrounded by established businesses like TJ Maxx, Stop & Shop, and Planet Fitness, makes this a compelling investment opportunity with significant potential for long-term growth and return. The lease type is NNN.

Highlights

  • $3,500,000 asking price for a mixed-use property in Fairfield, CT.
  • 6.53% cap rate with a projected 2024 NOI of $228,473.
  • Fully leased with eight tenants across retail, residential, and office spaces.
  • High visibility with dual street frontage on Route 1 and Villa Avenue.
  • 47 parking spaces on a 0.63-acre lot.
  • Renovated in 2024, featuring two, two-story buildings totaling 11,832 square feet.

Property Details for 226 Kings Hwy

Property type
Retail properties, Mixed-use properties
Square Feet
11,832 SF
Year Renovated
2024
Buildings
2
Stories
2
Lot Size (sq. ft)
27,443 SF

Location Insight

City
Fairfield
County
Fairfield
State
Connecticut
Latitude
41.175751518292
Longitude
-73.226958006201
226 Kings Hwy, Fairfield, Connecticut

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
226 Kings Hwy
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message