1320 Kings Highway Cutoff Fairfield, CT 06824
- Showrooms
- 5,440 SF
- 0.89 lot acres
Current Use by Public Records
- Bank of America ATM (Drive-thru) / Atm
Property Details for 1320 Kings Highway Cutoff
- Year built
- 1991
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.89 lot acres
- Property size
- 5,440 SF
- Zone code
- I1
- Property type
- Showrooms
- APN
- FAIR M:141 B:67
- APU
- FAIRM141B67
Description
This exceptional 5,400-square-foot freestanding retail building in Fairfield, Connecticut, presents a prime leasing opportunity. Located on 0.89 acres at 1320 Kings Highway Cutoff, this single-story, 1991-built structure offers a convenient drive-thru with three bays, a drive-up ATM, and a night depository. The building boasts 38 surface parking spaces and prominent pylon signage, ensuring high visibility. With 143 linear feet of frontage, the property benefits from two ingress/egress points. The interior features an open layout, including teller stations, perimeter offices/cubicles, a kitchenette, two secure deposit rooms, and two restrooms. Currently vacant, the space is divisible to 2,700 square feet. Zoned for Designed Commercial District (DCD), permitted uses are diverse, including retail, professional, and office spaces such as bakeries, restaurants, medical facilities, and more. The property enjoys excellent accessibility, minutes from I-95 (Exit 22), and close proximity to the Fairfield Metro and Fairfield Train Stations, as well as the Greater Bridgeport Transit Bus Line. Nearby establishments include Stop & Shop, DSW, CVS, Marshalls, McDonald's, Chick-fil-A, and a new RH Outlet. The lease rate is $60 per square foot, NNN.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,220,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,875,000
- 6.5%
- $1,685,000
- 7%
- $1,905,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,790,000
- Geo Method
- $1,665,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,310,000
- Retail
- $1,365,000
- Mixed-Use
- $1,310,000
- Hospitality
- $1,400,000
- Educational
- $1,375,000
- Residential Income
- $1,765,000
- Energy
- $1,805,000
- Income-Based Land
- $1,680,000
- Food Service
- $1,355,000
Location Insight
- Map
- Local Demand
- City
- Fairfield
- County
- Fairfield
- State
- Connecticut
- Longitude
- -73.2457
- Latitude
- 41.1495
- CBSA code
- 14860
- CBSA name
- BRIDGEPORT-STAMFORD-NORWALK, CT METROPOLITAN STATISTICAL AREA
