18 Reef Rd 3,042 SF Retail Building Fairfield, CT 06824 $3,000,000 ($986.19/SF)
EXECUTIVE SUMMARY
LEASE IN PLACE - BUILDING FOR SALE ONLY
18-22 Reef Road is an iconic 3042+/- square foot building (the former Fire House, relocated from Sherman Green) in a superb Fairfield Center location offering excellent pedestrian and vehicular accessibility. Presently, the first floor restaurant occupies 1578+/- square feet and deed restricted use of an approximately 2000 square foot patio area, at front and side of the property. The 1462+/- square foot second floor presents a reception area, offices, a full bath, and generous storage space. This very special offering provides an extraordinary opportunity for investment and the stewardship of a wonderful historic building for the enjoyment of the townspeople and visitors for generations to come. THE SALE IS SUBJECT TO A "RIGHT OF FIRST REFUSAL" AND THE CURRENT LEASE.
18-22 Reef Road is an iconic 3042+/- square foot building (the former Fire House, relocated from Sherman Green) in a superb Fairfield Center location offering excellent pedestrian and vehicular accessibility. Presently, the first floor restaurant occupies 1578+/- square feet and deed restricted use of an approximately 2000 square foot patio area, at front and side of the property. The 1462+/- square foot second floor presents a reception area, offices, a full bath, and generous storage space. This very special offering provides an extraordinary opportunity for investment and the stewardship of a wonderful historic building for the enjoyment of the townspeople and visitors for generations to come. THE SALE IS SUBJECT TO A "RIGHT OF FIRST REFUSAL" AND THE CURRENT LEASE.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,042 SF
Building Class
C
Year Built
1900
Price
$3,000,000
Price Per SF
$986.19
Tenancy
Single
Building Height
2 Stories
Building FAR
0.71
Lot Size
0.10 AC
Zoning
R - Residential
Parking
7 Spaces (2.3 Spaces per 1,000 SF Leased)
Walk Score®
Walker's Paradise (92)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | FAIR-000180-000000-000090 | Improvements Assessment | $402,010 |
| Land Assessment | $844,340 | Total Assessment | $1,246,350 |
