First Class Personal Service Executed on The Highest Level
Listing Agent: Melanie Billie
Courtesy of: BHGRE Gaetano Marra Homes
Days On Market: 44
Year Build: 1899
Address: 881 East Main Street
Neighborhood: East Side
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.
Listing Agent: Melanie Billie Courtesy of: BHGRE Gaetano Marra Homes The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2022 SmartMLS, Inc. Updated: 2nd October, 2022 11:51 AM (UTC)
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