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2738 Fairfield Ave 2,730 SF Retail Building Bridgeport, CT 06605 $550,000 ($201.47/SF) 7.50% Cap Rate
Investment Highlights
- Heavy foot traffic
Executive Summary
This is ideal for Owner operator or retail user. Lease at $20 a sq ft NNN and build a valuable asset. 200 amp electrical service. Natural Gas Blowers 10 ft roll door.
Financial Summary (Pro Forma - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$73,710
|
$27.00
|
| Taxes |
$13,230
|
$4.85
|
| Operating Expenses |
$5,460
|
$2.00
|
| Total Expenses |
$18,690
|
$6.85
|
| Net Operating Income |
$55,020
|
$20.15
|
Financial Summary (Pro Forma - 2025)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $73,710 |
| Annual Per SF | $27.00 |
| Taxes | |
|---|---|
| Annual | $13,230 |
| Annual Per SF | $4.85 |
| Operating Expenses | |
|---|---|
| Annual | $5,460 |
| Annual Per SF | $2.00 |
| Total Expenses | |
|---|---|
| Annual | $18,690 |
| Annual Per SF | $6.85 |
| Net Operating Income | |
|---|---|
| Annual | $55,020 |
| Annual Per SF | $20.15 |
Property Facts Under Contract
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
2,730 SF
Building Class
C
Year Built/Renovated
1974/2024
Price
$550,000
Price Per SF
$201.47
Cap Rate
7.50%
NOI
$41,250
Tenancy
Single
Building Height
1 Story
Building FAR
0.48
Lot Size
0.13 AC
Zoning
MX1 - This is designated as a Mixed Use Zone for Commercial, retail and residential mixed use. The property is approved for and used as a warehouse.
Parking
5 Spaces (1.83 Spaces per 1,000 SF Leased)
Frontage
50’ on Fairfield Ave
Amenities
- Signage
Fairly walkable
50/100
Exceptionally drivable
90/100
Some public transit
50/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | BRID-000235-000021 | Total Assessment | $288,070 |
| Land Assessment | $174,100 | Annual Taxes | $13,230 ($4.85/SF) |
| Improvements Assessment | $113,970 | Tax Year | 2025 |
Property Taxes
Parcel Number
BRID-000235-000021
Land Assessment
$174,100
Improvements Assessment
$113,970
Total Assessment
$288,070
Annual Taxes
$13,230 ($4.85/SF)
Tax Year
2025
Contacts
-
Steve Ozyck -
Richard Higgins -
Higgins Group Private Brokerage - Commercial Divis
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2738 Fairfield Ave
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