602 Union AveBridgeport, CT 06608
- Other commercial real estate
- 2,740 SF
Property Details for 602 Union Ave
- Year built
- 1920
- Construction
- FRAME
- Lot size
- 0.13 AC
- Property size (Sq ft)
- 2,740 SF
- Zone code
- ORS
- Property type
- Other commercial real estate
- Property subtype
- Showrooms
- APN
- BRID M:37 B:709 L:1
- APU
- BRIDM37B709L1
Description
This exceptional Bridgeport, Connecticut restaurant property, located at 602-612 Union Ave, presents a unique investment opportunity. The 4,038 square foot building is currently 100% occupied under a modified lease agreement with multiple tenants. Situated in a vibrant area and zoned ORS, this property boasts numerous recent interior and exterior renovations, minimizing the need for immediate capital expenditures. Key features include a 10' ceiling height, natural gas heat, city sewer and water connections, and ample parking. The building also includes a convenient 10' x 10' overhead door, ideal for loading and storage, and benefits from robust 400-amp 3-phase electrical service. The property includes garage/storage space at the end cap, adding to its versatility and potential. Located in Fairfield County, with a Bridgeport address and 06608 zip code, this property offers a strong return on investment in a desirable location. The asking price is $500,000.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $665,916
- 6.5%
- $614,691
- 7%
- $570,785
-
Comparable approach
- Method
- Valuation
- Relative Method
- $902,181
- Geo Method
- $902,181
-
Alternative Use
- Use
- Valuation
- Residential
- $518,515
- Hospitality
- $474,957
- Educational
- $395,159
- Medical
- $408,749
- Retail
- $614,691
Location Insight
- City
- Bridgeport
- County
- Fairfield
- State
- Connecticut
- Latitude
- 41.1804
- Longitude
- -73.1647
- CBSA code
- 14860
- CBSA name
- BRIDGEPORT-STAMFORD-NORWALK, CT METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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