Vacant Fairfield Restaurant Property Sells For $3.9 Million

FAIRFIELD, CT — A property that was formerly home to a Fairfield eatery has been sold for nearly $4 million.

Most recently the site of Joe’s American Bar & Grill, the property at 750 Post Road sold for $3.9 million, Southport-based real estate firm Angel Commercial LLC announced Monday. The deal included an adjacent site at 42 Eliot St., where Colonial Unisex Hair Cutters is located.

The properties, which have a combined 305 feet of frontage on the Post Road, were purchased by out-of-state investor 750 Associates LLC. The buyer plans to use the former restaurant location for a land lease or a build-to-suit development, according to a news release from Angel Commercial.

“The site consists of approximately 2 acres of land in a (Designed Commercial District) zone that permits greater density than the existing structure formerly occupied by Joe's American Bar & Grill Restaurant,” Angel Commercial President Jon Angel, who represented both the buyer and seller in the transaction, said in the news release.

The seller, SERRE LLC, owned the property for decades, and sold it after the closure of the restaurant, which rented the site.