Listed by Coldwell Banker Commercial NRT Danbury, Coldwell Banker Realty
$2,250,000
1495 Black Rock Turnpike
Details
Property Type Retail
Sub Type Storefront
Square Footage 8,365
Units 8
Cap Rate 7.69%
NOI $172,978
Occupancy 90%
Tenancy Multi
Lease Type Modified
Rent Bumps Yes
Pro-Forma Cap Rate 8.91%
Pro-Forma NOI $200,578
Price per SqFt $269
Class B
Year Built 1962
Acreage 0.360
Zoning NDBD
Parking Spaces 30 spaces
Parking per 1,000 SqFt 3.59
Investment Type Stabilized
Ground Lease No
Mixed-Use Retail/Office Investment — Fairfield, CT
Marketing description
Coldwell Banker Commercial presents 1495 Black Rock Turnpike for sale, an 8,364 RSF three-story multi-tenant retail/office building on 0.36 acres along the Black Rock Turnpike corridor, positioned between I-95 Exit 24 and the Merritt Parkway. The property is 90.1% occupied across seven tenants with one 825 SF vacancy on the ground floor, offering a buyer immediate stabilized income with upside through lease-up and near-term rollover management.
Investment highlights
$172,978 verified NOI, 7.42% going-in cap rate
Immediate upside: vacant Suite 2A ready for lease-up at $2,300/mo MG
Multi-tenant mixed-use asset, retail + office income diversification
90.1% occupied across seven established tenants
Prime Fairfield County corridor, strong daytime traffic counts
Listing Contacts
Listed by Coldwell Banker Commercial NRT Danbury, Coldwell Banker Realty
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$172,978.00
$14,414.83/mo
Valuation Metrics
0
DSCR
7.69%
Cap Rate
7.69%
ROI
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Brokerage
Brokerage Phone
Brokerage Address
Is there information that looks off?
