Versatile Commercial Building in
553-557 Center Street Extension, Bridgeport, CT 06604
For Sale
$900,000
3,500 SF building ideal for various business types.
Property Size3,492 SF
Lot Size0.18 Acres
Price / SF$257.73
Days on Market198
Property Features for 553-557 Center Street Extension
General Information
Standard status
Size
Lot size
Site & Location
Neighborhood
Building Details
Year Built
Listing Agency:
US Asset Realty
Listed By:
Alexia Andrade · License #RES.0815052
(203) 383-9986
Source:
Homesbyshoshana
Added: Apr 24
Changed: Oct 26
Last Checked: Oct 7 at 12:58PM
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 US Asset Realty
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Investment Insights
Based on property information with market context.
This 3,500 square foot single-story commercial building is situated on a 0.18-acre lot in Bridgeport. The property includes on-site parking and is suitable for office, medical, daycare, wellness/fitness, creative studios, or contractor use. It is currently configured as a community center, featuring large open areas and private rooms. The layout can be adapted for various business types. The property is located minutes from Downtown Bridgeport, Route 8/25, I-95, and transit, providing accessibility for clients and staff. It is located in a high-demand mixed-use area. The property has a walk score of 78, indicating it is very walkable, a bike score of 52, indicating it is bikeable, and a transit score of 37, indicating some transit options are available.
Key Highlights
- Prime location in Bridgeport's growing corridor, minutes from Downtown Bridgeport, Route 8/25, and I‑95.
- Versatile 3,500 SF single‑story building suitable for various uses.
- Flexible layout with large open areas and private rooms easily adaptable.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,599
Cap Rate
5.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,011,980
$1.0M
Cap Rate 7%
$722,843
$722.8K
Cap Rate 9%
$562,211
$562.2K
Market Conditions
NOI Build-Up for 3,492 SF
Gross rent
$88.0K $25.20/SF
− Vacancy
−$7.0K −$2.02/SF
EGI
$81.0K $23.18/SF
− OpEx
−$30.4K −$8.69/SF
NOI
$50.6K $14.49/SF
Area
Bridgeport, CT
Vacancy
8.00%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,011,980
Cap Rate 7%
$722,843
Cap Rate 9%
$562,211
Alternative Uses
Best Use
Mixed Use
$722.8K
$632.5K – $843.3K
NOI $50,599 @ 7.0% cap · market cap 5.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$996.7K
$872.1K – $1.16M
NOI $69,768 @ 7.0% cap · market cap 7.75%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,761
Businesses Nearby
Explore this area
Business Placement
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
$231,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Mixed-use properties in Fairfield County, CT
Properties on Market for Mixed-use properties in Fairfield County
Frequently Asked Questions
What type of property is this?
Mixed-use property - 3,500 SF building ideal for various business types.
Where is this mixed-use property located?
The property is located at 553-557 Center Street Extension Bridgeport, CT.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Prime location in Bridgeport's growing corridor, minutes from Downtown Bridgeport, Route 8/25, and I‑95.; Versatile 3,500 SF single‑story building suitable for various uses.; Flexible layout with large open areas and private rooms easily adaptable.
