1115 Main StBridgeport, CT 06604

  • Other commercial real estate
  • 88,281 SF
For Lease
$18.50/SF/YR View listing

Property Details for 1115 Main St

Year built
1903
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
0.42 AC
Property size (Sq ft)
88,281 SF
Zone code
DCB
Property type
Other commercial real estate
Property subtype
Showrooms
APN
BRID M:35 B:916 L:14
APU
BRIDM35B916L14

Description

This exceptional 1,750-square-foot creative office and retail space is ideally situated in Bridgeport's vibrant Downtown, on Main Street in the Main Street submarket cluster. Located within a recently renovated mixed-use building, this unit offers a highly visible storefront with an exclusive exterior entrance and impressive high ceilings. The space features a private bathroom and a tenant-controlled electric HVAC system with separately metered electricity. Benefit from a prime location on a bus route, within walking distance of train and ferry services, and all downtown amenities. Convenient off-street parking is available nearby. The property is zoned DX1 and is part of Fairfield County's thriving Downtown Bridgeport submarket. Neighboring businesses include art galleries, non-profit organizations, and other local retail and commercial establishments. This space is perfect for a business seeking high visibility and convenient access to transportation and urban amenities. The minimum divisible space is 1,750 square feet, and the entire vacant space is currently available.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $21,455,364
    6.5%
    $19,804,952
    7%
    $18,390,312
  • Comparable approach

    Method
    Valuation
    Relative Method
    $29,067,684
    Geo Method
    $29,067,684
  • Alternative Use

    Use
    Valuation
    Residential
    $16,706,218
    Hospitality
    $15,302,806
    Educational
    $12,731,755
    Medical
    $13,169,620
    Retail
    $19,804,952
1115 Main St, Bridgeport, Connecticut

Location Insight

City
Bridgeport
County
Fairfield
State
Connecticut
Latitude
41.1797
Longitude
-73.1899
CBSA code
14860
CBSA name
BRIDGEPORT-STAMFORD-NORWALK, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$216,531
$204,560
$4,778,900
$4,983,460
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-
-
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