Single-Story Office & Community
553-557 Center Street Extension Bridgeport, CT 06604
For Sale
$900,000
COMMERCIAL - Bridgeport, CT
Property Size3,492 SF
Lot Size0.18 Acres
Price / SF$257.73
Days on Market229
Property Features for 553-557 Center Street Extension
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- ORN
- Bathrooms
- 3
- Rooms
- Bathroom 3, Bathroom 1, Bathroom 2
- Standard status
- Active
- Size
- 3,492 SF
- Lot size
- 0.18 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 7819
Utilities
- Sewer type
- Public Sewer
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1981
Listing Agency:
US Asset Realty
(800) 913-1936
Listed By:
Alexia Andrade · License #RES.0815052
(203) 383-9986
Added: Dec 9, 2025
Changed: Jul 19
Last Checked: Jul 26 at 3:06AM
MLS# 24144099
Copyright © 2026 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This single-story commercial building is configured as a community center and offers a flexible interior layout with large open areas and private rooms. The property is offered for sale with on-site parking and a total size of 3,492 square feet on a 0.18-acre lot.
The property is described as minutes from Downtown Bridgeport, with access to Route 8/25, I-95, and transit. Zoning is listed as ORN.
With its current community-center configuration and multiple room types, the space can be adapted to a variety of office and service-oriented uses, subject to applicable approvals.
The property is described as minutes from Downtown Bridgeport, with access to Route 8/25, I-95, and transit. Zoning is listed as ORN.
With its current community-center configuration and multiple room types, the space can be adapted to a variety of office and service-oriented uses, subject to applicable approvals.
Key Highlights
- 3,500 SF single‑story building on a 0.18‑acre lot with on‑site parking
- Flexible layout currently configured as a community center with large open areas and private rooms
- Versatile space suited for office, medical, daycare, wellness/fitness, creative studios, contractor use, or community/institutional operations
Financial Insights For Healthcare Medical
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 | $94.3k | $27.00 |
| − Vacancy | −$7.1k | −$2.03 |
| EGI | $87.2k | $24.98 |
| − OpEx | −$34.9k | −$9.99 |
| NOI | $52.3k | $14.99 |
3,492 SF · lease $27.00/SF/yr · vacancy 7.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$747.5K
$654.1K – $872.1K
NOI $52,328 @ 7.0% cap · market cap 5.81%
Second Best
Office B
$690.2K
$603.9K – $805.2K
NOI $48,311 @ 7.0% cap · market cap 5.37%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
FAQs
What type of property is this?
Office building - Single-story building with on-site parking and an adaptable layout configured as a community center.
Where is this office building 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: 3,500 SF single‑story building on a 0.18‑acre lot with on‑site parking; Flexible layout currently configured as a community center with large open areas and private rooms; Versatile space suited for office, medical, daycare, wellness/fitness, creative studios, contractor use, or community/institutional operations
