Light Industrial Garage
For Sale
$550,000
70 Elizabeth, Bridgeport, CT 06610
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 Market133
Property Features for 70 Elizabeth
General Information
Standard status
Active
Size
5,040 SF
Property subtype
Commercial
Building Details
Year Built
1980
Listing Agency:
BHGRE Gaetano Marra Homes
(203) 627-8726
Listed By:
Yasmina Delacruz-Bailey · License #RES.0802521
(646) 938-4879
Source:
Lockandkeyre
Added: Jun 6
Changed: Oct 15
Last Checked: Oct 15 at 1:24AM
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
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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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,357
Cap Rate
8.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$947,140
$947.1K
Cap Rate 7%
$676,529
$676.5K
Cap Rate 9%
$526,189
$526.2K
Market Conditions
NOI Build-Up for 5,040 SF
Gross rent
$72.0K $14.28/SF
− Vacancy
−$4.3K −$0.86/SF
EGI
$67.7K $13.42/SF
− OpEx
−$20.3K −$4.03/SF
NOI
$47.4K $9.40/SF
Area
Bridgeport, CT
Vacancy
6.00%
Lease Rate
$14.28 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$947,140
Cap Rate 7%
$676,529
Cap Rate 9%
$526,189
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 authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,886
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 06610, CT
23,347
Population
9,292
Households
2.5
Avg Household Size
39
Median Age
17%
College-Educated
78%
High-School Grad
3.1 sq mi
ZIP Area
7,531
Density / Sq Mi
$50,836
Median Household Income
$36,698
Median Earnings
$1,364
Median Rent
$224,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Northeast region
Similar Off Market Nearby
- Pete's Discount Mufflers & Brakes — 961 Stratford Ave, Bridgeport, CT 06607
- Kovacs' Garage — 85 Davenport St, 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
Frequently Asked Questions
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 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.
