71-79 Wood AveBridgeport, CT 06605

Property Details for 71-79 Wood Ave

Lot size

0.11 AC

Property type

Retail properties

Property subtype

Restaurants

Description

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.

Location Insight

City

Bridgeport

County

Fairfield

State

Connecticut

Latitude

41.1776

Longitude

-73.2026

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