191 Congress St Bridgeport, CT 06604
- Retail properties
- 98,000 SF
Current Use by Public Records
- Retail properties
Property Details for 191 Congress St
- Property size
- 98,000 SF
- Property type
- Retail properties
- Property subtype
- Mixed-use properties
Description
This exceptional mixed-use development in Bridgeport, Connecticut, presents a compelling investment opportunity. Located at 191 Congress St, 06604, this newly constructed property encompasses 98,000 square feet and features 97 units, comprising 92 residential apartments and 5 retail spaces. The apartments offer a diverse range of one, two, and three-bedroom layouts, catering to a broad tenant base. The property's strategic location near major highways, the Stratford train line, and universities ensures high occupancy rates and strong rental demand. A significant advantage is the existing 25 leased residential units, generating immediate income. All necessary town approvals are in place, eliminating potential delays. The building boasts modern amenities including underground parking, central air conditioning, and gas heating. Furthermore, a Temporary Certificate of Occupancy (TCO) has already been obtained, minimizing any potential hurdles. This turnkey investment requires no renovations, updates, or further inspections, offering a seamless transition for the new owner. Priced at $38,000,000, this property represents a rare opportunity to acquire a high-performing asset in a thriving Fairfield County location.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Bridgeport
- County
- Fairfield
- State
- Connecticut
- Longitude
- -73.191
- Latitude
- 41.1818
