Property profile

1832 State St Ext Bridgeport, CT 06605

OFF-MARKET
Industrial properties
11,728 SF 0.25 ac lot Built 1974
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Property summary

AI-generated overview

This exceptional 11,728-square-foot flex space industrial building in Bridgeport, Connecticut, presents a compelling investment opportunity. Located at 1832 Commerce Drive, this two-story property sits on a 0.25-acre lot and boasts a prime location near I-95 (Exit 25), offering excellent visibility and accessibility. The building, constructed in 1974, features a first-floor space currently offering 5,864 square feet for lease. This area includes a 1,104-square-foot showroom with full HVAC and restroom, a 600-square-foot office area with two storage closets and a rear exit, and a 4,160-square-foot warehouse with a 12-foot high by 12-foot wide drive-in door and an additional restroom. The first floor is handicapped accessible. The second floor, totaling 5,864 square feet, is currently occupied. The property includes a freight elevator and a paved asphalt parking area with eight designated spaces, plus additional room for vehicles. Zoned Residential-Office Centers (RX2), this location allows for a blend of residential, office, and commercial uses. Its proximity to public transportation, including a nearby bus stop and the Fairfield Metro Train Station (two miles away), further enhances its appeal. The surrounding area features various retailers and amenities, including McDonald's, Valvoline, and several high-end auto dealerships. This property is offered for sale at $1,250,000 or for lease at $12 per square foot gross, plus utilities.

Property profile

Verified
Property type Industrial properties
Year built 1974
Total area 11,728 SF
Lot 0.25 ac (10,890 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1832 State St Ext Bridgeport, CT 06605
Bridgeport metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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