439 E Main St, Bridgeport, CT 06608
- Industrial land
- 0.30 lot acres
Current Use by Public Records
- Industrial land
Property Details for 439 E Main St
- Lot size
- 0.30 lot acres
- Zone code
- IHI
- Property type
- Industrial land
- APN
- BRID M:36 B:809 L:11-A
- APU
- BRIDM36B809L11A
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Sep 30, 2024 | — | 439 East Main LLC | — | Deed · related | $200k · Joseph Reichman |
| Jun 7, 2021 | — | 2068 Main LLC | Wslp 401k T | Warranty Deed | $1.8M · LP Management INC |
| Jun 17, 2019 | — | Deena Livshits | East Main 503 LLC | Warranty Deed | — |
| Dec 11, 2014 | $110,000 | East Main 503 LLC | Bridgeport James St Props | Warranty Deed | — |
| Aug 24, 2009 | $150,000 | Bdpt James St Prop LLC | 410-450 E Main LLC | Warranty Deed | — |
| Apr 4, 2007 | — | 410-450 E Main LLC | — | Deed Of Trust · related | $150k · Worth Funding INC |
| Feb 24, 2005 | $400,000 | 410-450 E Main LLC | Bridgeport One LLC | Quit Claim Arm's Length For Ne States | $150k · Bridgeport One LLC |
Description
This exceptional 0.3-acre development site in Bridgeport, Connecticut, presents a unique opportunity for investors. Located at 439 East Main Street, the property is zoned IHI and comes with approved plans and a construction budget for a 74-unit apartment building, including a ground-floor retail suite. The planned unit mix offers a variety of floor plans, catering to diverse renter needs. Extensive due diligence has already been completed, including environmental studies, geotechnical surveys, site plans, and structural engineering. A detailed construction quote from a local general contractor is also available. The site benefits from a prime location, offering immediate access to Steel Pointe Harbor's vibrant amenities and major employment centers, including downtown Bridgeport, the Bridgeport Metro North train station, and several corporate headquarters. A seven-year tax abatement is available, with potential for longer-term tax incentives. The project boasts a projected 8.35% year-one yield (excluding potential tax benefits), capitalizing on Bridgeport's tight occupancy rate (3.9% vacancy) and stable rent growth. The site's proximity to Interstate 95 ensures easy access to major employment hubs in surrounding areas. While a new owner will need to complete the coastal review process, secure permits, and engage the contractor, this project is poised to benefit significantly from Bridgeport's ongoing growth and the transformation of Steel Pointe Harbor. The asking price is $1,595,000.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Bridgeport
- County
- Fairfield
- State
- Connecticut
- Longitude
- -73.1815
- Latitude
- 41.1807
- CBSA code
- 14860
- CBSA name
- BRIDGEPORT-STAMFORD-NORWALK, CT METROPOLITAN STATISTICAL AREA
