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1495 Black Rock Tpke
Fairfield, CT 06825
Retail Property For Sale
Investment Highlights
- Great Visibility for Retail Recognition and signage on the building and Monument, in High Traffic corridor in busy Fairfield
Executive Summary
1495 Black Rock Turnpike presents a mixed-use retail and office investment along one of Fairfield's most active commercial corridors, positioned between I-95 Exit 24 and the Merritt Parkway. The offering centers on an 8,365 SF three-story building situated on a 0.36 acre site, currently90.1% occupied across seven established tenants spanning retail, personal services, and professional office use.
The property offers a buyer immediate stabilized income with a clear path to additional value through lease-up of the remaining 825 SF ground-floor suite and near-term rollover management across three expiring tenancies. The complete asset is available for $2,250,000, with the vacant suite offered separately for lease at $33.50/SF MG, giving Coldwell Banker Commercial a wide range of buyer and tenant prospects along one of Fairfield's highest-traffic retail corridors.
The property offers a buyer immediate stabilized income with a clear path to additional value through lease-up of the remaining 825 SF ground-floor suite and near-term rollover management across three expiring tenancies. The complete asset is available for $2,250,000, with the vacant suite offered separately for lease at $33.50/SF MG, giving Coldwell Banker Commercial a wide range of buyer and tenant prospects along one of Fairfield's highest-traffic retail corridors.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
8,570 SF
Building Class
C
Year Built/Renovated
1980/2020
Price
$2,250,000
Price Per SF
$262.54
Cap Rate
7.69%
NOI
$172,978
Percent Leased
90%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.49
Lot Size
0.40 AC
Zoning
NDD - Neighborhood Designed District
Parking
30 Spaces (3.5 Spaces per 1,000 SF Leased)
Frontage
83’ on Black Rock Turnpike
Amenities
- Signage
- Tenant Controlled HVAC
- Monument Signage
- Air Conditioning
- Smoke Detector
Property Taxes
| Parcel Number | FAIR-000077-000000-000486 | Improvements Assessment | $698,740 |
| Land Assessment | $440,370 | Total Assessment | $1,139,110 |
Property Taxes
Parcel Number
FAIR-000077-000000-000486
Land Assessment
$440,370
Improvements Assessment
$698,740
Total Assessment
$1,139,110
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