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    71-79 Wood Ave Bridgeport, CT 06605

    Sponsored
    For Sale
    $1,500,000

    Prime Bridgeport location, strong cash flow.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional mixed-use property at 71-79 Wood Avenue in Bridgeport, Connecticut, presents a compelling investment opportunity. The 3,311-square-foot building, situated on a 0.11-acre lot, is a two-story structure currently housing a thriving ground-floor market and two renovated second-floor residential apartments. The property boasts a strong annual rental income exceeding $100,000. Recent renovations include a fully equipped, state-of-the-art restaurant space on the first floor and high-end finishes in the residential units above. The building is strategically positioned for convenient access to major transportation arteries, including I-95, Routes 8 and 15, and public transportation. Further expansion potential is evident in the engineered, wired, and plumbed infrastructure designed to accommodate a third story, and a full basement already plumbed for potential marketplace expansion. This Class B, multi-tenant property offers a blend of retail and residential uses, making it an ideal core+ investment. The asking price is $1,500,000. Rent bumps are included in the lease agreements. This is a rare opportunity to acquire a well-maintained, income-producing property in a rapidly developing area of Bridgeport.

    Property Features for 71-79 Wood Ave

    General Information

    Property type
    Individual retail properties
    Class
    B
    Lot Size
    4,792 SF

    Building Details

    Buildings
    1
    Stories
    2
    Units
    3

    HighLights

    • 3,311 SF mixed‑use building on a 0.11‑acre lot, including a ground‑floor market.
    • Annual rental income projected to exceed $100,000.
    • Features a newly renovated restaurant with high‑end equipment and newly renovated apartments with premium finishes.
    • Prepped for a third‑story addition (engineered, wired, and plumbed).
    • Full basement plumbed for potential market expansion.
    • Excellent access to I‑95, Routes 8 & 15, and public transportation.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bridgeport
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.202585879497
    Latitude
    41.177552466272

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    FAQs

    What type of property is this?
    Individual retail property - Prime Bridgeport location, strong cash flow.
    Where is this individual retail property located?
    The property is located at 71-79 Wood Ave Bridgeport, CT.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: 3,311 SF mixed-use building on a 0.11-acre lot, including a ground-floor market.; Annual rental income projected to exceed $100,000.; Features a newly renovated restaurant with high-end equipment and newly renovated apartments with premium finishes.
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    Bridgeport, CT 06605
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    71-79 Wood Ave Bridgeport, CT 06605
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