Baldwin Pearson & Co., Inc. is pleased to present 2339–2375 Barnum Avenue, Stratford, Connecticut, a rare opportunity to acquire nearly an entire city block in Stratford, CT. This prominent corner assemblage consists of two brick, mixed-use buildings totaling approximately 12,500 square feet between the two properties and features 7 apartments and 5 street-level retail spaces, providing a diversified income stream. The properties are separated by a private, on-site 20 car parking lot serving both tenants and customers, a true differentiator in this area.

The same family has owned this property for generations and they have invested heavily in the asset throughout their ownership, completing extensive apartment renovations, roofing upgrades, and the installation of solar panels. As a result, the property is offered in excellent condition with no anticipated near-term capital expenditures.

The retail component is fully occupied by a strong lineup of long-term tenants, featuring notable tenants such as a national tax preparation firm, a takeout restaurant, and a convenience store, each operating in the properties for over a decade. The large residential units provide additional upside, with several apartments rented below market levels, allowing investors to increase cash flow organically through future lease renewals and turnover.

With a combination of stable tenancy, embedded rental upside, and a heavily trafficked, corner location, 2339–2375 Barnum Avenue represents a unique opportunity to acquire a large scalemixed-use portfolio in a strong Fairfield County location.