Mixed-Use Building with
340-350 Main Street Bridgeport, CT 06604
340-350 Main Street, Bridgeport, CT, 06604
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For Sale
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Brick corner building offering three occupied ground-floor retail units with nine two-bedroom apartments above.
Property Size14,172 SF
Price / SF$137.60
Days on Market86
Property Features for 340-350 Main Street
General Information
- Standard status
- Active
- Size
- 14,172 SF
- Property subtype
- Mixed Use, Multifamily, Retail
Building Details
- Year Built
- 1911
Listing agency
Baldwin Pearson & Company
(203) 335-5117
Listed by
Daniel Shawah · License #RES.0829215
Source
Crexi
Added: Apr 27 Updated: Jul 20 at 5:52PM Checked: Jul 20 at 5:52PM
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.
340-350 Main Street is a brick, corner mixed-use building in Bridgeport, CT, arranged with retail on the ground floor and residential above. The property includes three fully occupied ground-floor retail units, with nine generously sized two-bedroom apartments on the upper levels.
The building’s mixed-use configuration supports immediate income from the retail component while providing additional residential units within the same structure. This is an ownership opportunity for buyers looking for a balanced setup of occupied commercial space and apartment units under one roof.
The asset is well-suited for investors seeking a straightforward income-producing property, with the residential and retail spaces already established within the current building layout.
The building’s mixed-use configuration supports immediate income from the retail component while providing additional residential units within the same structure. This is an ownership opportunity for buyers looking for a balanced setup of occupied commercial space and apartment units under one roof.
The asset is well-suited for investors seeking a straightforward income-producing property, with the residential and retail spaces already established within the current building layout.
Key Highlights
- Brick corner mixed‑use building built in 1911
- Three occupied ground‑floor retail units
- Nine two‑bedroom apartments above the retail units
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 | $255.1k | $18.00 |
| − Vacancy | −$11.5k | −$0.81 |
| EGI | $243.6k | $17.19 |
| − OpEx | −$73.1k | −$5.16 |
| NOI | $170.5k | $12.03 |
14,172 SF · lease $18.00/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Mixed Use
$2.93M
$2.57M – $3.42M
NOI $205,352 @ 7.0% cap · market cap 10.53%
Second Best
Retail
$2.44M
$2.13M – $2.84M
NOI $170,532 @ 7.0% cap · market cap 8.75%
Theoretical Best
Office A
$4.05M
$3.54M – $4.72M
NOI $283,150 @ 7.0% cap · market cap 14.52%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Brick corner building offering three occupied ground-floor retail units with nine two-bedroom apartments above.
Where is this mixed-use property located?
The property is located at 340-350 Main Street Bridgeport, CT.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Brick corner mixed‑use building built in 1911; Three occupied ground‑floor retail units; Nine two‑bedroom apartments above the retail units
