Attention Investors!
First time on the market in decades. Here’s an opportunity to be a part of Bridgeport, CT’s future. Home to Beardsley Zoo, Port Jefferson Ferry, Seaside Park, Total Mortgage Arena and an Amphitheater, it continues to attract those near and far. 881-907 East Main Street, Bridgeport is located in Fairfield County a mile from Steelpointe Harbor, nestled between Stamford and New Haven. This unique mixed use property includes two distinct buildings a parking lot for off street parking and a vacant residential land (66 Beach Street*). The main building includes six apartments (2) one bedroom units, (2) two bedroom units and (2) four bedroom units above (2) commercial units, currently leased as a beauty salon/barbershop and a mobile phone retailer. The second building is leased as a restaurant established over 20 years ago. Capital improvements include new mule hide membrane roof, natural gas conversion, on demand heat & hot water systems, hard wired fire alarm system, some updated electrical and HVAC heating/AC systems for the ground level retailers.Current Cap rate at 7% with potential to increase as all units are below rental market due to long term tenants. Convenient and high visibility location with easy access to public transportation, Metro North Train Station, I95 & RT8.
*Seller & Agent make no representation on whether the land is buildable, Buyer to perform due diligence.
170517350
Other
Fairfield
1899
0.29
Acres
Public Water Connected
Public Sewer Connected
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The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100
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Bike Score
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