Light Industrial Garage
70 Elizabeth Street Bridgeport, CT 06610
70 Elizabeth Street, Bridgeport, CT, 06610
$550,000
For Sale
$550,000
Masonry garage with two drive-in overhead doors and open-span shop space for automotive and service-related uses.
Property Size5,040 SF
Price / SF$109.13
Days on Market42
Property Features for 70 Elizabeth Street
General Information
- Standard status
- Active
- Size
- 5,040 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1980
Listing Agency
BHGRE Gaetano Marra Homes
(646) 938-4879
Listed by
Yasmina Delacruz-Bailey · License #RES.0802521
(646) 938-4879
Source
Lockandkeyre
Added: Jun 6 Checked: Jul 16 at 10:44 am
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 BHGRE Gaetano Marra Homes
Investment Insights
Based on property information with market context.
This versatile light industrial/commercial garage building is constructed of solid masonry and totals approximately 5,040 square feet on a 0.17-acre lot. The current configuration supports two separate automotive-related businesses, with each side featuring its own entrance. The facility includes two oversized drive-in overhead doors and high-clearance ceilings, along with open-span shop space designed for practical vehicle, equipment, and workflow needs.
The property is located in Bridgeport’s East Side industrial corridor and is positioned with paved parking for vehicle access. Easy access to major transportation routes is noted, including I-95 and the Route 8/25 Connector, as well as the Port of Bridgeport and the Metro-North Train Station serving Fairfield and New Haven Counties.
For buyers, the layout offers flexibility for an owner-user who wants operational space in an established automotive-style setting, or for an investor interested in holding income while retaining future occupancy options. The building is currently occupied by two month-to-month tenants, and the sale is being made as-is. Buyers should conduct due diligence regarding zoning, permitted uses, and all property-related matters.
The property is located in Bridgeport’s East Side industrial corridor and is positioned with paved parking for vehicle access. Easy access to major transportation routes is noted, including I-95 and the Route 8/25 Connector, as well as the Port of Bridgeport and the Metro-North Train Station serving Fairfield and New Haven Counties.
For buyers, the layout offers flexibility for an owner-user who wants operational space in an established automotive-style setting, or for an investor interested in holding income while retaining future occupancy options. The building is currently occupied by two month-to-month tenants, and the sale is being made as-is. Buyers should conduct due diligence regarding zoning, permitted uses, and all property-related matters.
Key Highlights
- Approximately 5,040 SF solid masonry light industrial/commercial garage building on a 0.17‑acre lot (built 1980).
- Configured for two separate automotive‑related businesses, with separate entrances for flexible occupancy.
- Two oversized drive‑in overhead doors plus high‑clearance ceilings and open‑span shop space.
Local Financial Insights For Industrial
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 | $72.0k | $14.28 |
| − Vacancy | −$4.3k | −$0.86 |
| EGI | $67.7k | $13.42 |
| − OpEx | −$20.3k | −$4.03 |
| NOI | $47.4k | $9.40 |
5,040 SF · lease $14.28/SF/yr · vacancy 6.00% · expense 30.00%
Alternative Uses
Best Use
Flex RnD
$914.0K
$799.8K – $1.07M
NOI $63,980 @ 7.0% cap · market cap 11.63%
Second Best
Retail
$866.4K
$758.1K – $1.01M
NOI $60,646 @ 7.0% cap · market cap 11.03%
Theoretical Best
Office A
$1.44M
$1.26M – $1.68M
NOI $100,697 @ 7.0% cap · market cap 18.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Auto shops
Similar For Sale Nearby
Similar Off Market Nearby
- Pete's Discount Mufflers & Brakes — 961 Stratford Ave, Bridgeport, CT 06607
- J P Tadduni LLC — 480 surf ave, stratford, ct 06615
- Detail Masters LLC — 255 Moffitt St, Stratford, CT 06615
- Post Parkway — 55 Browning St, Stratford, CT 06615
- Kovacs' Garage — 85 Davenport St, Bridgeport, CT 06607
FAQs
What type of property is this?
Auto shop - Masonry garage with two drive-in overhead doors and open-span shop space for automotive and service-related uses.
Where is this auto shop located?
The property is located at 70 Elizabeth Street Bridgeport, CT.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Approximately 5,040 SF solid masonry light industrial/commercial garage building on a 0.17‑acre lot (built 1980).; Configured for two separate automotive‑related businesses, with separate entrances for flexible occupancy.; Two oversized drive‑in overhead doors plus high‑clearance ceilings and open‑span shop space.
