Commercial Land
New
For Sale
$1,900,000
661 Fairfield Ave, Bridgeport, CT 06604
Five downtown parcels combine existing commercial structures with undeveloped lots.
Property Size10,934 SF
Price / SF$173.77
Days on Market6
Property Features for 661 Fairfield Ave
General Information
Standard status
Active
Size
10,934 SF
Property subtype
Commercial
Building Details
Year Built
1961
Listing Agency:
Colonial Properties Inc
Listed By:
Fred A. Messore (203) 988-6298 (203) 795-8060 · License #REB.0794161
(203) 988-6298
Source:
Centralconnecticuthomefinder
Added: Oct 8
Changed: Oct 11
Last Checked: Oct 12 at 8:36PM
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 Colonial Properties Inc
Investment Insights
Based on property information with market context.
This five-parcel commercial assemblage in Downtown Bridgeport spans approximately 10,934 square feet across 0.65 acres. The properties include three commercial buildings and two vacant land parcels, with frontage along Fairfield Avenue and John Street.
The assemblage includes 629, 653, 661 and 667 Fairfield Avenue, plus 576 John Street. Route 8, I-95 and public transportation are nearby, along with downtown employment centers, retail and dining. Any redevelopment or continued use is subject to applicable zoning requirements and municipal approvals.
The assemblage includes 629, 653, 661 and 667 Fairfield Avenue, plus 576 John Street. Route 8, I-95 and public transportation are nearby, along with downtown employment centers, retail and dining. Any redevelopment or continued use is subject to applicable zoning requirements and municipal approvals.
Key Highlights
- Five parcels totaling approximately 10,934 SF on 0.65 acres
- Three commercial buildings and two vacant land parcels
- Frontage on both Fairfield Avenue and John Street
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$158,434
Cap Rate
8.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,168,680
$3.2M
Cap Rate 7%
$2,263,343
$2.3M
Cap Rate 9%
$1,760,378
$1.8M
Market Conditions
NOI Build-Up for 10,934 SF
Gross rent
$275.5K $25.20/SF
− Vacancy
−$22.0K −$2.02/SF
EGI
$253.5K $23.18/SF
− OpEx
−$95.1K −$8.69/SF
NOI
$158.4K $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%
$3,168,680
Cap Rate 7%
$2,263,343
Cap Rate 9%
$1,760,378
Alternative Uses
Best Use
Mixed Use
$2.26M
$1.98M – $2.64M
NOI $158,434 @ 7.0% cap · market cap 8.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.12M
$2.73M – $3.64M
NOI $218,456 @ 7.0% cap · market cap 11.50%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
2,486
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
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Frequently Asked Questions
What type of property is this?
Commercial land - Five downtown parcels combine existing commercial structures with undeveloped lots.
Where is this commercial land located?
The property is located at 661 Fairfield Ave Bridgeport, CT.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Five parcels totaling approximately 10,934 SF on 0.65 acres; Three commercial buildings and two vacant land parcels; Frontage on both Fairfield Avenue and John Street
