Versatile Commercial Building in
For Sale
$900,000
553-557 Center Street Ext, Bridgeport, CT 06604
3,500 SF building ideal for various business types.
Property Size3,500 SF
Lot Size0.18 Acres
Price / SF$257.14
Days on Market98
Property Features for 553-557 Center Street Ext
General Information
Standard status
Active
Size
3,500 SF
Lot size
0.18 Acres
Property subtype
Commercial
Building Details
Year Built
1981
Listing Agency:
U.S. Asset Realty, LLC
(203) 383-9986
Listed By:
Alexia Andrade · License #RES.0815052
(203) 383-9986
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 29 at 2:02PM
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 U.S. Asset Realty, LLC
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 For Mixed Use
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 | $88.2k | $25.20 |
| − Vacancy | −$7.1k | −$2.02 |
| EGI | $81.1k | $23.18 |
| − OpEx | −$30.4k | −$8.69 |
| NOI | $50.7k | $14.49 |
3,500 SF · lease $25.20/SF/yr · vacancy 8.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$724.5K
$633.9K – $845.3K
NOI $50,715 @ 7.0% cap · market cap 5.64%
Second Best
Office B
$691.7K
$605.3K – $807.0K
NOI $48,422 @ 7.0% cap · market cap 5.38%
Theoretical Best
Office A
$999.0K
$874.1K – $1.17M
NOI $69,928 @ 7.0% cap · market cap 7.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
Market
Properties on Market for Mixed-use properties in Fairfield County
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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 Ext 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.
