Mixed-Use Property with Retail
For Sale
$1,550,000
1368-1370 East Main Street, Bridgeport, CT 06608
The property combines four three-bedroom apartments, two street-level retail units and a separate storage facility.
Property Size11,220 SF
Price / SF$138.15
Days on Market179
Property Features for 1368-1370 East Main Street
General Information
Standard status
Active
Size
11,220 SF
Property subtype
Commercial
Zoning
ORN
Additional Details
Business Included
Yes
Amenities
off-street parking
unfinished basement
Building Details
Building Size
11,220 SF
Year Built
1940
Units
6
Tenancy
Multi
Listing Agency:
Bhgre Shore & Country
(203) 504-5005
Listed By:
Mei Ling Cheung · License #RES.0800750
(914) 752-8788
Source:
Cappellorealty
Added: Apr 28
Changed: Oct 22
Last Checked: Oct 22 at 2:23PM
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
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Investment Insights
Based on property information with market context.
At 1368-1370 East Main Street, the property includes four three-bedroom residential units totaling 5,504 square feet and two street-level retail units totaling 2,904 square feet. A storage facility at 376 Berkshire Ave. is also included, along with a 2,556-square-foot unfinished basement. The property was built in 1940 and is zoned ORN.
The residential units have updated kitchens, and the building has off-street parking, gas heat and gas cooking. Tenants pay all utilities. The retail space currently operates as a liquor store; the retail business is included, while liquor inventory is separate. The owner may continue operating the store or sell the business separately.
The residential units have updated kitchens, and the building has off-street parking, gas heat and gas cooking. Tenants pay all utilities. The retail space currently operates as a liquor store; the retail business is included, while liquor inventory is separate. The owner may continue operating the store or sell the business separately.
Key Highlights
- Four three‑bedroom residential units totaling 5,504 square feet
- Two street‑level retail units totaling 2,904 square feet
- Includes storage facility at 376 Berkshire Ave. and a 2,556‑square‑foot unfinished basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$135,010
Cap Rate
8.71%
Suggested Prices Based on Cap Rates
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
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 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
Multifamily LT 5
$2.08M
$1.82M – $2.42M
NOI $145,401 @ 7.0% cap · market cap 9.38%
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.
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Current Use
Lease Details
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,292
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The property combines four three-bedroom apartments, two street-level retail units and a separate storage facility.
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: Four three‑bedroom residential units totaling 5,504 square feet; Two street‑level retail units totaling 2,904 square feet; Includes storage facility at 376 Berkshire Ave. and a 2,556‑square‑foot unfinished basement
