Mixed-Use Property with Retail
For Sale
$1,550,000
1368-1370 East Main Street, Bridgeport, CT 06608
Investment opportunity: mixed-use property with residential and retail units.
Property Size11,220 SF
Price / SF$138.15
Days on Market105
Property Features for 1368-1370 East Main Street
General Information
Standard status
Active
Size
11,220 SF
Property subtype
Commercial
Building Details
Year Built
1940
Listing Agency:
BHGRE Shore & Country
(914) 752-8788
Listed By:
Mei Ling Cheung · License #RES.0800750
(914) 752-8788
Source:
Lockandkeyre
Added: Apr 28
Changed: Aug 8
Last Checked: May 8 at 1:14AM
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 BHGRE Shore & Country
Investment Insights
Based on property information with market context.
This property presents an investment opportunity with a mixed-use building located at 1368-1370 E. Main Street. The building includes four 3-bedroom residential units totaling 5,504 square feet, along with 2,904 square feet of retail space on the street level. Additionally, the property includes a storage facility at 376 Berkshire Ave., adjacent to the main building. The unfinished basement provides an additional 2,556 square feet of storage space. The property features four residential units, currently rented for $1,850, $1,700, $1,500, and $1,800 per month, respectively. There are also two retail units at 1368 & 1370 E. Main Street, currently operating as a liquor store, plus a storage facility rented at $750 per month, all of which are income-producing. The sale includes the retail business; however, the liquor inventory is additional. The residential units have been updated with newer kitchens. The property includes off-street parking and gas heat and cooking. Tenants are responsible for all utilities. The residential income is approximately $7,600 per month. The retail potential income is approximately $3,000 per month, as the liquor store is currently owner-operated. The buyer has the option to continue operating the liquor store or sell the business separately. The total property size is 11,220 square feet.
Key Highlights
- Income‑producing property with 4 residential units, two retail spaces, and a storage facility.
- Four 3‑bedroom residential units with updated kitchens.
- Includes a retail business (liquor store) with the option to continue operating or sell separately.
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
Location Intelligence
Trade Area within ½ mile
1,267
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 - Investment opportunity: mixed-use property with residential and retail units.
Where is this mixed-use property located?
The property is located at 1368-1370 East 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: Income‑producing property with 4 residential units, two retail spaces, and a storage facility.; Four 3‑bedroom residential units with updated kitchens.; Includes a retail business (liquor store) with the option to continue operating or sell separately.
