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Approved Multifamily Redevelopment
For Lease
$2,750,000

525 John St, Bridgeport, CT 06604

Administrative approval covers conversion of an existing commercial property to residential use.

Space SizeContact for details
Days on Market9

Property Features for 525 John St

General Information

Standard status Active

Taxes and HOA fees

Annual Taxes $28,887
Listing Agency: Davis Owen Real Estate
Listed By: Darren E. Owen
Source: Exprealty
Added: Sep 28 Changed: Oct 6 Last Checked: Oct 6 at 2:40AM

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 Davis Owen Real Estate

Investment Insights

Based on property information with market context.

Plans call for replacing the existing two-story, 16,042-square-foot office building with a five-story residential property. The proposed development includes 77 units and approximately 67,750 square feet of total building area. Administrative approval was granted through the Design Review & Zoning Office.

The site is in downtown Bridgeport, Connecticut.

Key Highlights

  • Proposed 77‑unit residential development
  • Five‑story building with approximately 67,750 square feet of total area
  • Redevelopment of an existing two‑story, 16,042‑square‑foot office building

Property Analytics

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Current Use

Atlantic Consulting & Engineering Structural Engineer Land Engineering & Surveying Land Surveyor The Quill Group Structural Engineer Fairfield Testing Laboratories Soil Testing Service Fuller & Co Architect

Suggested Use

Top Pick Real Estate Agency Dental Office Gym & Fitness Center Skin Care Clinic Spa & Massage Center HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

2,486
Businesses Nearby

Demographics for 06604, CT

30,003
Population
12,972
Households
2.3
Avg Household Size
35
Median Age
29%
College-Educated
74%
High-School Grad
3.2 sq mi
ZIP Area
9,376
Density / Sq Mi
$45,794
Median Household Income
$34,706
Median Earnings
$1,419
Median Rent
$231,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Administrative approval covers conversion of an existing commercial property to residential use.
Where is this apartment building located?
The property is located at 525 John St Bridgeport, CT.
What is the lease rate?
The lease rate is $2,750,000.
What are key features of this property?
This property features: Proposed 77‑unit residential development; Five‑story building with approximately 67,750 square feet of total area; Redevelopment of an existing two‑story, 16,042‑square‑foot office building
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