Mixed-Use Buildings on Main
2038 Main Street Bridgeport, CT 06604
2038 Main Street, Bridgeport, CT, 06604
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For Sale
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Mixed-use buildings with residential and retail spaces in Bridgeport, CT.
Property Size9,373 SF
Price / SF$160.03
Days on Market61
Property Features for 2038 Main Street
General Information
- Standard status
- Active
- Size
- 9,373 SF
- Property subtype
- Retail, Multifamily
Listing Agency
Baldwin Pearson & Company
Listed by
Daniel Shawah · License #RES.0829215
Source
Crexi
Added: May 18 Checked: Jul 16 at 8:02 am
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 Baldwin Pearson & Company
Investment Insights
Based on property information with market context.
The offering includes two adjacent brick mixed-use buildings located on a high-visibility block along Bridgeport's Main Street corridor. Together, the properties comprise seven residential units and four occupied ground-floor retail spaces. The property provides a blend of residential upside and in-place commercial income. A rear parking lot is included.
Key Highlights
- Rare investment opportunity in a dynamic Connecticut real estate market.
- Consists of two adjacent brick mixed‑use buildings on a high‑visibility, heavily trafficked block.
- Offers a blend of value‑add residential upside and stable, in‑place commercial income.
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $236.2k | $25.20 |
| − Vacancy | −$18.9k | −$2.02 |
| EGI | $217.3k | $23.18 |
| − OpEx | −$81.5k | −$8.69 |
| NOI | $135.8k | $14.49 |
9,373 SF · lease $25.20/SF/yr · vacancy 8.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$1.94M
$1.70M – $2.26M
NOI $135,815 @ 7.0% cap · market cap 9.05%
Second Best
Apartment 5plus
$1.58M
$1.38M – $1.84M
NOI $110,253 @ 7.0% cap · market cap 7.35%
Theoretical Best
Office A
$2.68M
$2.34M – $3.12M
NOI $187,268 @ 7.0% cap · market cap 12.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Mixed-use properties
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Mixed-use buildings with residential and retail spaces in Bridgeport, CT.
Where is this mixed-use property located?
The property is located at 2038 Main Street Bridgeport, CT.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Rare investment opportunity in a dynamic Connecticut real estate market.; Consists of two adjacent brick mixed‑use buildings on a high‑visibility, heavily trafficked block.; Offers a blend of value‑add residential upside and stable, in‑place commercial income.
