226 Kings HwyFairfield, CT 06825

Property Details for 226 Kings Hwy

Lot size

0.63 AC

Zone code

DCD

Property type

Other commercial real estate

APN

FAIR M:40 B:280

APU

FAIRM40B280

Description

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.

Location Insight

City

Fairfield

County

Fairfield

State

Connecticut

Latitude

41.1754

Longitude

-73.2268

CBSA code

14860

CBSA name

BRIDGEPORT-STAMFORD-NORWALK, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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