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619-633 E Main Street

Bridgeport, CT 06608
  • $260,000
  • STATUS: Active Under Contract
  • ON SITE: 25 Days
  • MLS #: 170451982
Under Contract
UPDATED: 22 min ago
$260,000
  • 0
    BEDS
  • 0.22
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:
Area:

School Information

Elementary School:
High School:

Description

Flat, corner lot approved for mixed-use luxury rentals and commercial shopping! This privately owned land has approved permits in-place as pictured to build a 10,800 SF of 3 story-mixed-use building comprising retail stores and residential units.Only a few blocks away from Bass Pro Shops and the Steel Point Harbor, where large scale commercial, hotel, and luxury condo investments are on the way, two blocks from the i95 entrance ramp to NY and right on the bus line, this land when developed is ideal for long-term rental income. Conservatively, current market rent for a retail store of this size is $1,500-$1600/month, and 2-bedroom units are $1,350-$1,400/month. The appraisal for this property, as is with the approved permits, would yield $349,000. A detailed income/operating expense chart based on this data is included in supplements.100x100 (30.5mx30.5m), land in the OR (Office-Residential) zone, the approved plans boast four retail stores on the ground floor and eight 3-bedroom units on second and third floors with a 19-car parking lot in rear. This project has gone before Board of Zoning Appeals and Planning and Zoning Boards, and has secured approvals to permit the construction as displayed. All of the difficult back-end work has been completed. Now is your opportunity to build it and profit!

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The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2021 SmartMLS, Inc. Data last updated: 2021-12-09T08:09:45.233.
www.foreverhomesrealestate.net/homes/123272791
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619-633 E Main Street Bridgeport, CT 06608

  • Price: $260,000
  • Status: Active Under Contract
  • On Site: 25 Days
  • Updated: 22 min ago
  • MLS #: 170451982
0
Beds
0
Baths
0
½ Baths
0.22
Acres
Neighborhood:
East Side
County:
Fairfield
Area:
Bridgeport
Elementary School:
Waltersville
High School:
Warren Harding
Property Description
Flat, corner lot approved for mixed-use luxury rentals and commercial shopping! This privately owned land has approved permits in-place as pictured to build a 10,800 SF of 3 story-mixed-use building comprising retail stores and residential units.Only a few blocks away from Bass Pro Shops and the Steel Point Harbor, where large scale commercial, hotel, and luxury condo investments are on the way, two blocks from the i95 entrance ramp to NY and right on the bus line, this land when developed is ideal for long-term rental income. Conservatively, current market rent for a retail store of this size is $1,500-$1600/month, and 2-bedroom units are $1,350-$1,400/month. The appraisal for this property, as is with the approved permits, would yield $349,000. A detailed income/operating expense chart based on this data is included in supplements.100x100 (30.5mx30.5m), land in the OR (Office-Residential) zone, the approved plans boast four retail stores on the ground floor and eight 3-bedroom units on second and third floors with a 19-car parking lot in rear. This project has gone before Board of Zoning Appeals and Planning and Zoning Boards, and has secured approvals to permit the construction as displayed. All of the difficult back-end work has been completed. Now is your opportunity to build it and profit!
Exterior Features

Lot Description DryCorner LotLevel Lot Lot Improvements Approved Building LotSidewalk Road Frontage Approximate 198 Road Frontage Description Municipal StreetPaved Road Waterfront Description Walk To Water

Property Features

Association Amenities None Bank Owned Property Yn No Direct Waterfront Yn No Documents Available Building PlanPlot Plan/SurveyRecorded Site PlanZoning Approval Hoa Yn No Location Highway AccessDowntownUrban Lots Number Of 2 Nearby Amenities Commuter BusLibraryParkPlayground/Tot LotPublic TransportationShopping/Mall Possession Availability Immediate Potential Short Sale Yn No Property Sub Type Industrial Land Property Tax 2659 Septic Approval Yn No Septic Plan Available Yn No Sewage System Public Sewer In Street Sign Yn Yes Utilities Available ElectricGasTelephoneCable Available Water Source Public Water In Street Zoning Ihi

Listing information © 2021 Smart MLS
Listing provided courtesy of Brian Appel of Higgins Group Real Estate.


The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2021 SmartMLS, Inc. Data last updated: 2021-12-09T08:09:45.233.
 
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