Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Renovated Mixed-Use Investment Property Title is generated by Realmo AI

    1189 Central Avenue, Bridgeport, CT 06607

    View on Map
    Claim this Listing
    For Sale
    $898,000

    Fully renovated mixed-use property with residential and commercial units.

    Type:Commercial
    Property size:
    3,000 SF
    Lot size:
    0.11 Acres
    Price / SF:
    $299/SF
    Added:
    May 29, 2025
    Days on Market:
    373
    Last Refresh:
    Apr 5 at 9:06 pm

    Property Features for 1189 Central Avenue

    General Information

    Standard status
    Active
    Size
    3,000 SF
    Lot size
    0.11 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1920

    We can help!

    Listing Contact
    OSWALDO TORRES

    Listing agent OSWALDO TORRES License #REB.0759279

    Listing office Las Americas Real Estate

    Listing date May 29, 2025

    Source Corcoran

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Las Americas Real Estate

    HighLights

    • Fully Renovated property, ready to move in.
    • Upper level features two apartments, each with shower bathrooms and dishwashers.
    • First floor is setup for business with a newly installed ventilation system and commercial unit approval.
    • Second floor apartment has 2 bedrooms plus a spare room usable as a third dormitory.
    • Operating deli business on the first floor with an existing lease.
    • Reduced price for a fast sale.

    Overview

    This is a mixed-use investment property featuring both residential and commercial spaces. The upper level contains two stacked apartments, each equipped with shower bathrooms and dishwashers. The second floor apartment includes 2 bedrooms, an open floor plan kitchen and living room, and a spare room that can serve as a third dormitory. The first floor is set up for business, with a newly installed ventilation system and approval to begin service. Currently, a deli operates in the commercial unit, with a lease that has a few months remaining. The property has been fully renovated and offers a total size of 3000 square feet. This property is ready to move in.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bridgeport
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.167
    Latitude
    41.1834

    Nearby Similar for Sale

    • $900,000
      3,492 SF

      Versatile Commercial Building in Bridgeport

      3,500 SF building ideal for various business types.
      553-557 Center Street Extension, Bridgeport, CT 06604
      View Details
    • $879,900
      4,240 SF

      Corner Lot Commercial Opportunity

      Prime location near iconic brands, suitable for drive-through or retail.
      4143 Main Street, Bridgeport, CT 06606
      View Details
    • $399,000
      3,340 SF

      Church-Flex Commercial Building

      High-visibility East Main Street property with flexible layout, currently configured as a church across two units.
      2325 E Main Street, Bridgeport, CT 06610
      View Details
    • $1,079,000
      4,758 SF

      Bridgeport Four-Family Multi-Unit Property

      Four units with detached garage in Bridgeport, Connecticut.
      249 East Avenue, Bridgeport, CT 06610
      View Details
    • $1,550,000
      11,220 SF

      Bridgeport Mixed-Use Investment Opportunity

      Four residential units, retail space, and storage facility for sale.
      1368-1370 E Main Street, Bridgeport, CT 06608
      View Details
    • $1,550,000
      13,776 SF

      Bridgeport Mixed-Use Investment Opportunity

      Mixed-use property with residential units, retail space, and storage.
      1368-1370 E Main Street, Bridgeport, CT 06608
      View Details
    • $599,000
      2,582 SF

      Renovated Bridgeport Multi-Family Home

      Well-maintained two-family home with renovated units and income potential.
      46 Sanford Avenue, Bridgeport, CT 06604
      View Details
    • $650,000
      3,601 SF

      Bridgeport Multifamily Mixed-Use Opportunity

      Spacious multifamily property with mixed-use potential in Bridgeport's North End.
      3193 Main Street, Bridgeport, CT 06606
      View Details
    • $650,000
      3,601 SF

      Multifamily Mixed-Use Opportunity in Bridgeport

      Spacious multifamily property with mixed-use potential in Bridgeport's North End.
      3193 Main Street, Bridgeport, CT 06606
      View Details
    • $599,900
      1,620 SF

      Renovated Duplex in Desirable Neighborhood

      Renovated duplex featuring modern kitchens, baths, and private yard.
      180 Dupont Place, Bridgeport, CT 06611
      View Details
    • $675,000
      6,708 SF

      Income-Generating Mixed-Use Property

      Fully occupied mixed-use property with income and growth potential.
      845 E Main Street, Bridgeport, CT 06608
      View Details
    • $599,900
      4,399 SF

      Spacious Multifamily Property in Bridgeport

      Four-unit property in Bridgeport's West End, ideal for investors.
      110 Coleman Street, Bridgeport, CT 06604
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Fully renovated mixed-use property with residential and commercial units.
    Where is this mixed-use property located?
    The property is located at 1189 Central Avenue Bridgeport, CT.
    What is the asking price?
    The asking price for this property is $898,000.
    What are key features of this property?
    This property features: Fully Renovated property, ready to move in.; Upper level features two apartments, each with shower bathrooms and dishwashers.; First floor is setup for business with a newly installed ventilation system and commercial unit approval.
    (203) 368-2181
    We can help!
    Listing Contact
    OSWALDO TORRES
    Real Estate License ID: REB.0759279
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1189 Central Avenue, Bridgeport, CT 06607
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!