1 Post Rd Fairfield, CT 06824
- Showrooms
- 30,300 SF
- 1.29 lot acres
Current Use by Public Records
- ReGenerating Solutions, Inc. / Software Company / Business Management Consultant
- The Law Offices of Brian T. Romano / Attorney
- Qualitest Group / Software Company
- Columbia Mental Health / Mental Health Clinic / Psychiatrist
- Columbia Mental Health LLC: Pomeraniec L N MD / Psychiatrist / Psychologist
Property Details for 1 Post Rd
- Year built
- 1985
- Construction
- STEEL FRAME
- Lot size
- 1.29 lot acres
- Property size
- 30,300 SF
- Zone code
- DCD
- Property type
- Showrooms
- APN
- FAIR M:130 B:153
- APU
- FAIRM130B153
Description
This exceptional Fairfield, CT property offers a unique investment opportunity. A fully leased, 32,239 square foot, three-story executive office building boasts high-end finishes, a waterfront boardwalk overlooking Ash Creek, and 121 paved parking spaces. The building, constructed in 1985 and situated on 1.954 acres, features a recently updated elevator system, new gas furnace (installed since 2020), and a new roof (installed in 2020). Its prime location provides 383 linear feet of frontage on Post Road, ensuring excellent visibility and convenient access to major retailers, public transportation, and I-95. The property is zoned for Designed Commercial District (DCD) and includes approved plans for a 20-unit apartment building, presenting a significant development opportunity. The current 100% occupancy generates a Net Operating Income (NOI) of $547,259, resulting in a 6.08% capitalization rate. The asking price is $9,000,000. This investment offers a blend of immediate income and substantial future growth potential. The building's net rentable area is 30,300 square feet.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Fairfield
- County
- Fairfield
- State
- Connecticut
- Longitude
- -73.2372
- Latitude
- 41.153
- CBSA code
- 14860
- CBSA name
- BRIDGEPORT-STAMFORD-NORWALK, CT METROPOLITAN STATISTICAL AREA
