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80 CT-39

New Fairfield, CT
Floors
3
Total Size
4,744 sqft
Zoning
"C" - COMMERCIAL
Year Constructed
1900
Year Renovated
2010
Building Class

About 80 CT-39

CARRIAGE HOUSE CAFÉ - COMMERCIAL BUILDING FOR SALE OR LEASE IN NEW FAIRFIELD’S CANDLEWOOD CORNERS AREA. PRICE SIGNIFICANTLY REDUCED FROM $695,000 TO $450,000 below market price

The Carriage House Café has been in business for decades and this is the first time on the market for this commercial property located in the Candlewood Corners area of New Fairfield on high traffic Route 39. Only minutes to the New Fairfield Town Center the property is centrally located between the Candlewood Lake residential communities and the Town Center shopping.

The building space on the main level contains approximately 2,000+/- s.f. of a restaurant/bar with the successful Carriage House Café currently in operation. The building contains a total of 4,744 s.f. on all three floors. The second and third floors have 3 fully leased apartments including a two bedroom, one bedroom and studio apartment. Income and expense statements available upon request, current annual gross rent revenues are approximately $75,000. The property is situated on 0.36 acres of land with parking areas for 26 vehicles on all three side of the building with two curb cuts for easy access to Route 39, Sherman Road. The property is zoned “C” (Commercial District) which allowances a wide range of potential uses and tenant types.

The Carriage House Café is currently available for lease at $4,000/month gross rent. Utilities are C L & P and gas heat. 5 year lease is available with 2 months security.

The property Real Estate Taxes are $8,000/year and has a projected pro forma yearly NOI of $52,000 with a cap rate of 11.5%. The property is now offered for sale below market, price reduced from $695,000 to $450,000.

Call George F. Walker at 203-733-0692 for a visit to the property and further details. - Parking description: parking areas for 26 vehicles on all three side of the building with two curb cuts for easy access to Route 39, Sherman Road. - Area description: This commercial property located in the Candlewood Corners area of New Fairfield on high traffic Route 39. Only minutes to the New Fairfield Town Center the property is centrally located between the Candlewood Lake residential communities and the Town Center shopping. - Number of buildings: 1 - Building condition: Fair - Tenancy: Multiple Tenants

Internet Providers for 80 CT-39

Provider Technology Max Download Speed Max Upload Speed
Fibertech Fiber
1 Gb/s
1 Gb/s
Charter Communications Inc. Cable
1 Gb/s
6 Mb/s
AT&T East DSL
25 Mb/s
3 Mb/s

The Market: Fairfield

The typical asking rate per listing is in the $30's per square foot per year. The Fairfield region is experiencing a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 4% decline in rent.

Compared to the rest of the Fairfield market, the Fairfield region has lower rates, so you should have no trouble finding a great deal in this depreciated region.

Median Rate Median Size
$32
/sqft/yr
3,500
sqft

Median Rate over Time in Fairfield