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Neighbor News

INVESTMENT OPPORTUNITY: Fully Leased Prime Medical Office Building on Route 58 in Fairfield, CT, or Sale

For sale at $5,000,000 with a projected 2025 annualized NOI of $302,639, representing a 6% cap rate.

1817 Black Rock Turnpike, Fairfield, CT
1817 Black Rock Turnpike, Fairfield, CT (Angel Commercial, LLC)

Angel Commercial, LLC, acting as the exclusive commercial real estate broker, is pleased to offer a fully leased professional medical office building on 0.67 acres at 1817 Black Rock Turnpike, Fairfield, CT, for sale at $5,000,000. The projected 2025 Annualized NOI is $302,639, representing a 6% cap rate. The building totals 18,561 SF with 13,059 SF of rentable area, including common areas, mechanical rooms, shared corridors, and storage that support the entire building.

The property is fully leased to ten tenants under triple net (NNN) leases, which reduce landlord responsibilities as tenants pay property taxes, insurance, and maintenance expenses. This structure minimizes operating costs and management requirements while providing predictable cash flow and long-term income stability, making it an attractive passive investment opportunity.

Featuring 122 feet of frontage on Route 58 adjacent to McDonald’s, the property enjoys a high-visibility, high-traffic location. It offers 55 shared parking spaces with handicap accessibility throughout. Recent upgrades include a new energy-efficient HVAC and lighting program, common area updates, and a newly installed roof.

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Strategically located in a Designated Commercial District (DCD) Zone, the two-story building is home to a diverse mix of medical and dental professionals — creating a professional healthcare environment.

Situated in a vibrant retail corridor, the property is surrounded by national retailers such as ShopRite, McDonald’s, CVS, Starbucks, M&T Bank, T.J. Maxx, and Old Navy, ensuring strong visibility and convenience. Its location also provides excellent access to I-95, the Merritt Parkway, the Fairfield Black Rock Train Station, Fairfield University, and public transit options, making it an exceptional investment opportunity in the heart of Fairfield, Connecticut.

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For more information, please contact Jon Angel, President, Angel Commercial, LLC, at (203) 335-6600, Ext. 21, or click here to view the listing.

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