For Sale
$1,500,000

71-79 Wood Ave Bridgeport, CT 06605

Prime Bridgeport location, strong cash flow.

Overview

Added:
Dec 11, 2024
Days on market:
136
This exceptional mixed-use property at 71-79 Wood Avenue in Bridgeport, Connecticut, presents a compelling investment opportunity. The 3,311-square-foot building, situated on a 0.11-acre lot, is a two-story structure currently housing a thriving ground-floor market and two renovated second-floor residential apartments. The property boasts a strong annual rental income exceeding $100,000. Recent renovations include a fully equipped, state-of-the-art restaurant space on the first floor and high-end finishes in the residential units above. The building is strategically positioned for convenient access to major transportation arteries, including I-95, Routes 8 and 15, and public transportation. Further expansion potential is evident in the engineered, wired, and plumbed infrastructure designed to accommodate a third story, and a full basement already plumbed for potential marketplace expansion. This Class B, multi-tenant property offers a blend of retail and residential uses, making it an ideal core+ investment. The asking price is $1,500,000. Rent bumps are included in the lease agreements. This is a rare opportunity to acquire a well-maintained, income-producing property in a rapidly developing area of Bridgeport.

Highlights

  • 3,311 SF mixed-use building on a 0.11-acre lot, including a ground-floor market.
  • Annual rental income projected to exceed $100,000.
  • Features a newly renovated restaurant with high-end equipment and newly renovated apartments with premium finishes.
  • Prepped for a third-story addition (engineered, wired, and plumbed).
  • Full basement plumbed for potential market expansion.
  • Excellent access to I-95, Routes 8 & 15, and public transportation.

Property Details for 71-79 Wood Ave

Property type
Retail properties, Restaurants
Class
B
Buildings
1
Stories
2
Lot Size (sq. ft)
4,792 SF
Units
3

Location Insight

City
Bridgeport
County
Fairfield
State
Connecticut
Latitude
41.177552466272
Longitude
-73.202585879497

FAQs

What type of property is this?
Retail property - Prime Bridgeport location, strong cash flow.
Where is the retail property located?
The property is located at 71-79 Wood Ave Bridgeport, CT.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 3,311 SF mixed-use building on a 0.11-acre lot, including a ground-floor market.; Annual rental income projected to exceed $100,000.; Features a newly renovated restaurant with high-end equipment and newly renovated apartments with premium finishes.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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71-79 Wood Ave
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