900 Wood Ave - Storefront Retail/Residential FOR SALE


Bridgeport, CT 06604- Brooklawn-St Vincent
$975,000 USD
203-335-5117
900 Wood Ave, Bridgeport, CT for Sale
$975,000 USD
Storefront Retail/Residential - FOR SALE
1/10
null | 6.72% Cap Rate

NEW


900 Wood Ave
Bridgeport, CT 06604
Brooklawn-St Vincent


HIGHLIGHTS

  • Longstanding mixed use strip in the coveted North End of Bridgeport featuring 3 storefronts and 1 rear apartment
  • Building anchored by neighborhood staple delicatessen
  • Expiring retail lease with Church tenant and MTM lease with furniture store provide flexibility to increase rents or for owner occupancy
  • Entirely separately metered for utilities
  • Large upside in the rent on the apartment where 2 bedroom apartments are renting in the $2,500 per month range in this section of Bridgeport

OVERVIEW

Baldwin Pearson & Co., Inc. is pleased to present 900 Wood Avenue Bridgeport, CT to the market. This well-positioned multi building, mixed-use asset is located along a highly visible, heavily trafficked corridor in the desirable North End of Bridgeport, making it an attractive opportunity for both investors and owner-users. The property consists of three fully occupied retail storefronts and one two-bedroom residential apartment, providing immediate, stable cash flow with meaningful upside potential. Select lease expirations and flexible tenancy on two retail units also allow for potential owner-user occupancy of one or more retail units, while maintaining strong in-place income. The retail units benefit from exceptional street frontage and are occupied by long-term tenants, reinforcing the asset’s durability and income stability. 900 Wood Avenue offers investors immediate returns with the ability to enhance value through rent growth across all units.

FOR SALE DETAILS

PRICE

$975,000 USD

PRICE/SF

$186 USD /SF

CAP RATE

6.72%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1931

SPRINKLERS

-

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.4 AC

LAND SF

17,424 SF

ZONING

OR

APN/PARCEL ID

BRID-001310-000002

ASK ABOUT THIS PROPERTY

Robert ShawahBaldwin Pearson & Company, Inc.More Info
203-335-5117

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Robert ShawahBaldwin Pearson & Company, Inc.More Info
203-335-5117

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.