FAIRFIELD: The former Stratfield Market building at 1280 Stratfield Road, has a new owner, a private investment group 1280 Realty, LLC [MG Morin Realty 527 Toilsome Hill Road, Fairfield] has purchased the property for $1.2 million from Urstadt-Biddle of Greenwich, who acquired the property just a few months ago.
The retail property is a 9,612 square foot two-story commercial building on a 0.9 acre in the Stratfield section.
The building has been vacant for more than a decade. The Stratfield Market was open for more than 50 years and closed in 2006 after lease negotiations with the landlord failed. Walgreens attempted to open a store at this location, but drew strong opposition from neighbors.
“The new property owners are focused on securing an appropriate tenant for the neighborhood,” said Angel who was the sole broker in this transaction. “While a new food market is certainly a possibility, there are many potential uses for this property, and it remains available.”