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570 Honeyspot Road Stratford CT 570 Honeyspot Rd 6,211 SF 100% Leased Retail Building Stratford, CT 06615 $1,365,000 ($219.77/SF) 6.33% Cap Rate



Investment Highlights
- Stable, long term retail strip anchored by neighborhood operators operating on long term leases expiring in 2039 and 2040
- Compelling value add retail opportunity with the vacant unit available for immediate lease up or owner occupancy
- Flexible zoning located in CA zone allowing for a wide variety of current and potential uses
- Meaningful upside in the residential unit featuring a 1,600 square foot 2 bedroom apartment
- Property is in excellent condition and features 400 amp electric service with 3-phase power, upgraded roofing and HVAC and resealed parking lot
- Owner is open to discussing seller financed offers
Executive Summary
Baldwin Pearson & Co., Inc. is pleased to exclusively offer for sale 570 Honeyspot Road, Stratford, CT — a premier mixed-use investment opportunity located in one of Stratford’s most established and heavily trafficked retail corridors. Positioned on a prominent corner at Honeyspot Road and Moffitt Street, just off Interstate 95, the property features three street-level retail units with strong visibility and parking, plus a spacious, renovated two-bedroom, one-bathroom apartment above. The retail tenancy provides exceptional income stability, with the asset anchored by one of Stratford’s oldest liquor stores, continuously occupied since 1958, and a well-established restaurant, both operating on extremely long leases, underscoring the strength of the location. The third retail unit is currently vacant, presenting immediate lease-up or owner-user upside at market rents.
The residential component consists of a 1,650 SF renovated apartment that is currently rented well below market rent, offering meaningful income growth potential. With stable in-place cash flow, mark-to-market opportunity, and prime corner positioning, 570 Honeyspot Road represents a rare value-add investment in Fairfield County. 570 Honeyspot Road offers investors a compelling blend of stable cash flow, embedded upside, and long-term tenancy in a supply-constrained Fairfield County market.
The residential component consists of a 1,650 SF renovated apartment that is currently rented well below market rent, offering meaningful income growth potential. With stable in-place cash flow, mark-to-market opportunity, and prime corner positioning, 570 Honeyspot Road represents a rare value-add investment in Fairfield County. 570 Honeyspot Road offers investors a compelling blend of stable cash flow, embedded upside, and long-term tenancy in a supply-constrained Fairfield County market.
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$158,151
|
$25.46
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$7,908
|
$1.27
|
| Effective Gross Income |
$150,243
|
$24.19
|
| Taxes |
$15,000
|
$2.42
|
| Operating Expenses |
$13,600
|
$2.19
|
| Total Expenses |
$28,600
|
$4.60
|
| Net Operating Income |
$121,643
|
$19.59
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $158,151 |
| Annual Per SF | $25.46 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $7,908 |
| Annual Per SF | $1.27 |
| Effective Gross Income | |
|---|---|
| Annual | $150,243 |
| Annual Per SF | $24.19 |
| Taxes | |
|---|---|
| Annual | $15,000 |
| Annual Per SF | $2.42 |
| Operating Expenses | |
|---|---|
| Annual | $13,600 |
| Annual Per SF | $2.19 |
| Total Expenses | |
|---|---|
| Annual | $28,600 |
| Annual Per SF | $4.60 |
| Net Operating Income | |
|---|---|
| Annual | $121,643 |
| Annual Per SF | $19.59 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Building Size
6,211 SF
Year Built/Renovated
1957/2021
Price
$1,365,000
Price Per SF
$219.77
Cap Rate
6.33%
NOI
$86,405
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.57
Lot Size
0.25 AC
Opportunity Zone
Yes
Zoning
CA
Parking
25 Spaces (4.03 Spaces per 1,000 SF Leased)
Frontage
200’ on Honeyspot Road
Walk Score®
Very Walkable (70)
Nearby Major Retailers
1 of 14
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570 Honeyspot Road Stratford CT | 570 Honeyspot Rd
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