Two-Story Retail Building with
For Sale
$849,900
4143 Main Street, Bridgeport, CT 06606
Multi-level retail with dedicated parking, handicap access, and an enclosed entrance for an easier tenant build-out.
Property Size10 SF
Price / SF$200.45
Days on Market69
Property Features for 4143 Main Street
General Information
Standard status
Active
Size
10 SF
Total Parking Spaces
12
Property subtype
Commercial
Lease Term
Business Included YNN: No
Building Details
Building Size
10 SF
Year Built
1958
Listing Agency:
RE/MAX Right Choice
(203) 209-8111
Listed By:
Paul Ferreira · License #RES.0756087
(203) 209-8111
Source:
Iverty
Added: Jun 17
Changed: Aug 23
Last Checked: Aug 23 at 9:57AM
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 RE/MAX Right Choice
Investment Insights
Based on property information with market context.
This two-story retail building includes finished main-level space totaling 1,330 square feet, with multiple interior work areas, a restroom, waiting area, and a dedicated dryer and washing layout. The upper level adds 1,703 square feet of unfinished space with additional storage rooms. A semi-finished lower level provides 1,551 square feet and includes several storage areas, including one larger storage room. Exterior features include handicap ramps, an enclosed entrance, and parking for 12 cars.
The property is described as being located in a dense food and retail corridor, with well-known quick-service and retail brands within a one-block radius and additional retail and dining options within a three-block radius. The tenant and customer mix implied by these nearby uses can support a variety of retail concepts that benefit from frequent neighborhood foot traffic.
For operators considering a retail or service use requiring back-of-house storage and multiple internal zones, the combination of finished ground-floor space, unfinished upper space, and semi-finished lower storage may simplify phased build-out planning. The enclosed entrance and handicap ramps also provide practical accessibility and arrival features that can matter for day-to-day customer flow.
The property is described as being located in a dense food and retail corridor, with well-known quick-service and retail brands within a one-block radius and additional retail and dining options within a three-block radius. The tenant and customer mix implied by these nearby uses can support a variety of retail concepts that benefit from frequent neighborhood foot traffic.
For operators considering a retail or service use requiring back-of-house storage and multiple internal zones, the combination of finished ground-floor space, unfinished upper space, and semi-finished lower storage may simplify phased build-out planning. The enclosed entrance and handicap ramps also provide practical accessibility and arrival features that can matter for day-to-day customer flow.
Key Highlights
- Year built 1958 multi‑level retail property with enclosed entrance for easier tenant build‑out
- Main level finished space totals 1,330 SF with defined areas including cutting (504 SF) and waiting (187 SF)
- Upper level includes 1,703 SF unfinished space plus multiple storage areas totaling 203 SF (112, 49, and 42 SF)
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
$51,020
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
6.00%
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%
$1,020,400
$1.0M
Cap Rate 7%
$728,857
$728.9K
Cap Rate 9%
$566,889
$566.9K
Market Conditions
NOI Build-Up for 4,240 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
$76.3K $18.00/SF
− Vacancy
−$3.4K −$0.81/SF
EGI
$72.9K $17.19/SF
− OpEx
−$21.9K −$5.16/SF
NOI
$51.0K $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%
$1,020,400
Cap Rate 7%
$728,857
Cap Rate 9%
$566,889
Alternative Uses
Best Use
Retail
$728.9K
$637.8K – $850.3K
NOI $51,020 @ 7.0% cap · market cap 6.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.21M
$1.06M – $1.41M
NOI $84,713 @ 7.0% cap · market cap 9.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
967
Businesses Nearby
204k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 43%
Dining 21%
Apparel 20%
Shops & Services 15%
Stop & Shop
Groceries
52,401 visits/mo
0.5 miles
Marshalls
Apparel
40,027 visits/mo
0.4 miles
McDonald's
Dining
39,346 visits/mo
0.2 miles
Price Rite
Groceries
36,007 visits/mo
0.4 miles
Citgo
Shops & Services
13,135 visits/mo
0.1 miles
Demographics for 06606, CT
48,427
Population
19,002
Households
2.5
Avg Household Size
36
Median Age
23%
College-Educated
82%
High-School Grad
5.3 sq mi
ZIP Area
9,137
Density / Sq Mi
$68,538
Median Household Income
$35,128
Median Earnings
$1,434
Median Rent
$272,100
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- Rosa's Florist — 3622 Main St, Bridgeport, CT 06606
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Frequently Asked Questions
What type of property is this?
Storefront property - Multi-level retail with dedicated parking, handicap access, and an enclosed entrance for an easier tenant build-out.
Where is this storefront property located?
The property is located at 4143 Main Street Bridgeport, CT.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: Year built 1958 multi‑level retail property with enclosed entrance for easier tenant build‑out; Main level finished space totals 1,330 SF with defined areas including cutting (504 SF) and waiting (187 SF); Upper level includes 1,703 SF unfinished space plus multiple storage areas totaling 203 SF (112, 49, and 42 SF)
