Mixed-Use Property with
For Sale
$1,550,000
1368-1370 E Main Street, Bridgeport, CT 06608
Commercial For Sale, Bridgeport, CT
Property Size11,220 SF
Lot Size0.12 Acres
Price / SF$138.15
Days on Market125
Property Features for 1368-1370 E Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
ORN
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 2, Bathroom 1, Bathroom 4, Bathroom 3
Lot features
Corner Lot
Directions
GPS
Subdivision
East End
Standard status
Active
Size
11,220 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
13366
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Water source
Public
Amenities
off-street parking
gas heat and cooking
basement storage
Building Details
Year built
1940
Listing Agency:
BHGRE Shore & Country
(203) 504-5005
Listed By:
Mei Ling Cheung · License #RES.0800750
(914) 752-8788
Added: Apr 29
Changed: Aug 30
Last Checked: Aug 31 at 3:06AM
MLS# 24169695
Copyright © 2026 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use property combines four three-bedroom residential units with two street-level retail spaces at 1368-1370 E. Main Street. The residential component totals 5,504 square feet, while the retail area provides 2,904 square feet. Residential kitchens have been updated, and the building includes a 2,556-square-foot unfinished basement for storage. An adjacent storage facility at 376 Berkshire Ave. is included on the same tax card.
The property was built in 1940 and is zoned ORN. Natural gas serves the heating and cooking systems, while tenants pay all utilities. Public water and public sewer serve the property. Off-street parking is also provided. The retail spaces currently operate as a liquor store, with the operating business included; liquor inventory is separate.
The property was built in 1940 and is zoned ORN. Natural gas serves the heating and cooking systems, while tenants pay all utilities. Public water and public sewer serve the property. Off-street parking is also provided. The retail spaces currently operate as a liquor store, with the operating business included; liquor inventory is separate.
Key Highlights
- Four three‑bedroom residential units totaling 5,504 sq ft
- Two street‑level retail units totaling 2,904 sq ft
- Adjacent storage facility at 376 Berkshire Ave. included on the same tax card
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$135,010
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.71%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,700,200
$2.7M
Cap Rate 7%
$1,928,714
$1.9M
Cap Rate 9%
$1,500,111
$1.5M
Market Conditions
NOI Build-Up for 11,220 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$202.0K $18.00/SF
− Vacancy
−$9.1K −$0.81/SF
EGI
$192.9K $17.19/SF
− OpEx
−$57.9K −$5.16/SF
NOI
$135.0K $12.03/SF
Area
Bridgeport, CT
Vacancy
4.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,700,200
Cap Rate 7%
$1,928,714
Cap Rate 9%
$1,500,111
Alternative Uses
Best Use
Mixed Use
$2.32M
$2.03M – $2.71M
NOI $162,578 @ 7.0% cap · market cap 10.49%
Second Best
Retail
$1.93M
$1.69M – $2.25M
NOI $135,010 @ 7.0% cap · market cap 8.71%
Theoretical Best
Office A
$3.20M
$2.80M – $3.74M
NOI $224,170 @ 7.0% cap · market cap 14.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,292
Businesses Nearby
Explore this area
Business Placement
Demographics for 06608, CT
14,312
Population
4,915
Households
2.9
Avg Household Size
33
Median Age
7%
College-Educated
67%
High-School Grad
1.0 sq mi
ZIP Area
14,312
Density / Sq Mi
$43,008
Median Household Income
$30,524
Median Earnings
$1,311
Median Rent
$222,900
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Four updated residential units accompany street-level retail, storage space, and off-street parking.
Where is this mixed-use property located?
The property is located at 1368-1370 E Main Street Bridgeport, CT.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Four three‑bedroom residential units totaling 5,504 sq ft; Two street‑level retail units totaling 2,904 sq ft; Adjacent storage facility at 376 Berkshire Ave. included on the same tax card
