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Fairfield Avenue Redevelopment Opportunity

2790 Fairfield Avenue Bridgeport, CT 06605

2790 Fairfield Avenue, Bridgeport, CT, 06605
$899,000
For Sale
Claim this Listing
$899,000

Mixed-use redevelopment opportunity in a growing commercial corridor.

Property Size6,400 SF
Price / SF$140.47
AddedMay 23
Days on Market53
Last RefreshMay 27 at 7:26 am

Property Features for 2790 Fairfield Avenue

General Information

Standard status
Active
Size
6,400 SF
Property subtype
Commercial

Building Details

Year Built
1924

Listing office Century 21 Scala Group

Listing date May 23, 2026

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 Century 21 Scala Group


Investment Insights

Based on property information with market context.

This property presents an investment and redevelopment opportunity on Fairfield Avenue in Bridgeport, Connecticut. Currently operating as a Cuban Social Club, the property is zoned for commercial use, offering potential for mixed-use redevelopment. Other potential uses include retail, restaurant, office, community facility, entertainment, or event space. The location offers high visibility and strong traffic exposure, with convenient access to major highways, public transportation, Metro-North, shopping, and surrounding residential neighborhoods. The property has 6400 square feet of space and is located in a growing commercial corridor.

Key Highlights

  • High visibility location on Fairfield Avenue with strong traffic exposure.
  • Flexible commercial zoning allows for mixed‑use redevelopment (retail, restaurant, office, etc.).
  • City support for residential over retail development.

Local Financial Insights For Retail

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 $115.2k $18.00
− Vacancy −$5.2k −$0.81
EGI $110.0k $17.19
− OpEx −$33.0k −$5.16
NOI $77.0k $12.03
6,400 SF · lease $18.00/SF/yr · vacancy 4.50% · expense 30.00%

Alternative Uses

Best Use
Mixed Use
$1.32M
$1.16M – $1.55M (±1% cap)
NOI $92,736 @ 7.0% cap · market cap 10.32%
Second Best
Retail
$1.10M
$962.6K – $1.28M (±1% cap)
NOI $77,011 @ 7.0% cap · market cap 8.57%
Theoretical Best
Office A
$1.83M
$1.60M – $2.13M (±1% cap)
NOI $127,869 @ 7.0% cap · market cap 14.22%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Cuban Lyceum of Bridgeport Charitable Organization

Suggested Use

Pharmacy Parking Lot & Garage (Bike/Boat/Book/etc) Store Locksmith Florist Cafe & Coffee Shop Grocery & Convenience Store (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Bakery

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

FAQs

What type of property is this?
Mixed-use property - Mixed-use redevelopment opportunity in a growing commercial corridor.
Where is this mixed-use property located?
The property is located at 2790 Fairfield Avenue Bridgeport, CT.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: High visibility location on Fairfield Avenue with strong traffic exposure.; Flexible commercial zoning allows for mixed‑use redevelopment (retail, restaurant, office, etc.).; City support for residential over retail development.
Contact an agent
More about this property
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