Cleared Lot Approved for
For Sale
Contact for pricing
Pending
439 E Main St, Bridgeport, CT 06608
0.30-acre lot with approved plans for 74-unit apartment building.
Property SizeContact for details
Lot Size0.30 Acres
Days on Market732
Property Features for 439 E Main St
General Information
Standard status
Pending
Lot size
0.30 Acres
Property subtype
Land
Zoning
IHI
Listing Agency:
NorthEast Private Client Group Shelton
Listed By:
Bradley Balletto · License #CT: 0792835
(203) 307-1574
Source:
Crexi
Added: Sep 3, 2024
Changed: Aug 21
Last Checked: Sep 2 at 9:22PM
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 NorthEast Private Client Group Shelton
Investment Insights
Based on property information with market context.
The property at 439 East Main Street is a level, cleared 0.30-acre lot. It has zoning approval, plans, and a construction budget for a 74-unit apartment building that includes a ground floor retail suite. The unit mix is designed to include junior one-bedroom, one-bedroom, one-bedroom with den/office, and two-bedroom floor plans. The location in Bridgeport, Connecticut, provides immediate access to Steelpointe Harbor's shopping, dining, and marina, as well as a $200 million mixed-use development currently under construction. Downtown Bridgeport, the Bridgeport Metro North train Station, M&T Bank Headquarters, Trefz Corporation Headquarters, The Bridgeport & Port Jefferson Ferry, Total Mortgage Arena & The Hartford Healthcare Amphitheatre, Housatonic College, and The Stress Factory Comedy Club are all located within one mile of the site. The current ownership has completed environmental, construction drawings, geotechnical studies, site surveys, site plans, and structural engineering. A construction quote from an experienced general contractor who has completed other projects in Bridgeport is also available. A seven-year tax abatement is available, and ten or more-year tax fixes are possible. The property can be built to a year one yield of 8.35% (not including a tax deal). The submarket vacancy rate is currently at 3.9% with stable rent growth.
Key Highlights
- Zoning approved for a 74‑unit apartment building with ground floor retail, including plans and construction budget.
- Strategic location with immediate access to Steelpointe Harbor's shopping, dining, marina, and a $200 million mixed‑use development.
- Completed environmental and geotechnical studies, construction drawings, site surveys, site plans, and structural engineering are in hand.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,600
Businesses Nearby
Explore this area
Business Placement
Demographics for 06608, CT
14,312
Population
4,915
Households
2.9
Avg Household Size
33
Median Age
7%
College-Educated
67%
High-School Grad
1.0 sq mi
ZIP Area
14,312
Density / Sq Mi
$43,008
Median Household Income
$30,524
Median Earnings
$1,311
Median Rent
$222,900
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - 0.30-acre lot with approved plans for 74-unit apartment building.
Where is this commercial land located?
The property is located at 439 E Main St Bridgeport, CT.
What is the asking price?
The asking price for this property is $1,480,000.
What are key features of this property?
This property features: Zoning approved for a 74‑unit apartment building with ground floor retail, including plans and construction budget.; Strategic location with immediate access to Steelpointe Harbor's shopping, dining, marina, and a $200 million mixed‑use development.; Completed environmental and geotechnical studies, construction drawings, site surveys, site plans, and structural engineering are in hand.
