1318 Kossuth StBridgeport, CT 06608

Property Details for 1318 Kossuth St

Year built

1956

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.42 AC

Property size (Sq ft)

13,248 SF

Zone code

LI

Property type

Industrial properties

APN

BRID M:54 B:1701 L:22-A

APU

BRIDM54B1701L22A

Description

This exceptional 13,248-square-foot industrial building, located at 1318 Kossuth Street in Bridgeport, Connecticut, presents a unique investment opportunity. Currently housing a high-end cabinetry business, the property boasts significant recent renovations and upgrades. The building features a well-appointed office suite encompassing five private offices and a reception area, ideal for administrative functions. Two 10-foot overhead doors, one with a partial loading dock, ensure efficient loading and unloading of materials. A centralized dust collection system and an on-site paint booth equipped with HEPA filters demonstrate a commitment to a clean and safe work environment. Energy-efficient LED lighting is installed throughout the building. Recent improvements include an upgraded 800-amp electrical service and a newer hot water heater, reflecting a proactive approach to maintenance and modernization. The 0.42-acre lot provides ample off-street parking for employees and clients. The meticulously maintained interior and modern amenities make this property suitable for a variety of industrial, warehouse, or similar businesses seeking a move-in ready space. The asking price is $1,899,000. This is a rare opportunity to acquire a well-maintained, updated industrial property in a desirable Bridgeport location.

• CAP approach

  CAP return

  Valuation

  6%

  $4,887,140

  6.5%

  $4,511,200

  7%

  $4,188,970

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,769,570

  Geo Method

  $2,769,570

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $2,313,320

  Mixed-Use / Specialty

  $2,305,070

  Hospitality / Lodging

  $1,691,160

  Office

  $2,291,380

  Institutional / Educational

  $2,396,350

  Residential Income

  $2,803,730

  Multifamily

  $3,362,640

  Automotive / Energy

  $2,054,010

  Parking / Income-Based Land

  $708,815

  Restaurant / Food Service

  $1,198,890

  Healthcare / Senior Housing

  $2,363,810

Location Insight

City

Bridgeport

County

Fairfield

State

Connecticut

Latitude

41.1963

Longitude

-73.1815

CBSA code

14860

CBSA name

BRIDGEPORT-STAMFORD-NORWALK, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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