Vacant Office Building in
924 Noble Avenue Bridgeport, CT 06608
924 Noble Avenue, Bridgeport, CT, 06608
Contact for pricing
For Sale
Contact for pricing
Vacant 874 SF office building with partially finished basement.
Property Size874 SF
Lot Size0.21 Acres
Price / SF$400.46
Days on Market67
Property Features for 924 Noble Avenue
General Information
- Standard status
- Active
- Size
- 874 SF
- Lot size
- 0.21 Acres
- Property subtype
- Office
Building Details
- Year Built
- 1947
Listing Agency
National Multifamily
Listed by
Matt Cawley · License #REB.0791595
Source
Crexi
Added: May 12 Checked: Jul 16 at 3:29 am
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Investment Insights
Based on property information with market context.
Located at 924 Noble Avenue in Bridgeport, Connecticut, this vacant 874 SF office building includes an additional 874 SF partially finished basement. Situated on a 0.21-acre lot, the property offers flexibility for an owner-user or investor to occupy, renovate, or reposition the asset. The property will be delivered fully vacant, allowing for immediate use or customization. It is well positioned in the East Side neighborhood of Bridgeport, less than 1.5 miles from Steelepointe Harbor, Downtown Bridgeport, and the Bridgeport Metro-North Station, which provides direct service to Grand Central Terminal in Midtown Manhattan. The surrounding area benefits from Bridgeport's ongoing revitalization, with new investment continuing to flow into the city's waterfront and commercial corridors. Seller financing is available with the property, providing an opportunity to structure acquisition terms. Ownership will consider offers with 25% down at a 6% interest rate, interest only, for a maximum term of two years.
Key Highlights
- Seller financing available: 25% down, 6% interest, interest‑only for up to two years.
- Vacant 874 SF office building with an additional 874 SF partially finished basement, allowing for immediate use or customization.
- Located less than 1.5 miles from Steelepointe Harbor, Downtown Bridgeport, and the Bridgeport Metro‑North Station (direct service to NYC).
Local Financial Insights For Office B
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 | $19.2k | $21.96 |
| − Vacancy | −$3.1k | −$3.51 |
| EGI | $16.1k | $18.45 |
| − OpEx | −$4.0k | −$4.61 |
| NOI | $12.1k | $13.83 |
874 SF · lease $21.96/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$172.7K
$151.2K – $201.5K
NOI $12,092 @ 7.0% cap · market cap 3.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$249.5K
$218.3K – $291.0K
NOI $17,462 @ 7.0% cap · market cap 4.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
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FAQs
What type of property is this?
Office building - Vacant 874 SF office building with partially finished basement.
Where is this office building located?
The property is located at 924 Noble Avenue Bridgeport, CT.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Seller financing available: 25% down, 6% interest, interest‑only for up to two years.; Vacant 874 SF office building with an additional 874 SF partially finished basement, allowing for immediate use or customization.; Located less than 1.5 miles from Steelepointe Harbor, Downtown Bridgeport, and the Bridgeport Metro‑North Station (direct service to NYC).
