439 E Main St Bridgeport, CT 6608
0.30-acre lot with approved plans for 74-unit apartment building.
Type:Land
Lot size:
0.30 Acres- Added:
- Sep 3, 2024
- Days on Market:
- 596
- Last Refresh:
- Mar 17 at 1:13 pm
Property Features for 439 E Main St
General Information
- Standard status
- Active
- Lot size
- 0.30 Acres
- Property subtype
- Land
Listing agent Bradley Balletto License #CT: 0792835
Listing office NorthEast Private Client Group Shelton
Listing date Sep 3, 2024
Source Crexi
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 NorthEast Private Client Group Shelton
Overview
Cleared Lot Approved for Development
The property at 439 East Main Street is a level, cleared 0.30-acre lot. It has zoning approval, plans, and a construction budget for a 74-unit apartment building that includes a ground floor retail suite. The unit mix is designed to include junior one-bedroom, one-bedroom, one-bedroom with den/office, and two-bedroom floor plans. The location in Bridgeport, Connecticut, provides immediate access to Steelpointe Harbor's shopping, dining, and marina, as well as a $200 million mixed-use development currently under construction. Downtown Bridgeport, the Bridgeport Metro North train Station, M&T Bank Headquarters, Trefz Corporation Headquarters, The Bridgeport & Port Jefferson Ferry, Total Mortgage Arena & The Hartford Healthcare Amphitheatre, Housatonic College, and The Stress Factory Comedy Club are all located within one mile of the site. The current ownership has completed environmental, construction drawings, geotechnical studies, site surveys, site plans, and structural engineering. A construction quote from an experienced general contractor who has completed other projects in Bridgeport is also available. A seven-year tax abatement is available, and ten or more-year tax fixes are possible. The property can be built to a year one yield of 8.35% (not including a tax deal). The submarket vacancy rate is currently at 3.9% with stable rent growth.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Commercial land
Location Insight
- Map
- Local Demand
- City
- Bridgeport
- County
- Fairfield
- State
- Connecticut
- Longitude
- -73.181552
- Latitude
- 41.1807236
Nearby Similar for Sale
FAQs
What type of property is this?
Commercial land - 0.30-acre lot with approved plans for 74-unit apartment building.
Where is this commercial land located?
The property is located at 439 E Main St Bridgeport, CT.
What is the asking price?
The asking price for this property is $1,480,000.
What are key features of this property?
This property features: Zoning approved for a 74‑unit apartment building with ground floor retail, including plans and construction budget.; Strategic location with immediate access to Steelpointe Harbor's shopping, dining, marina, and a $200 million mixed‑use development.; Completed environmental and geotechnical studies, construction drawings, site surveys, site plans, and structural engineering are in hand.
