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86 Whittier St - Whittier St Redevelopment 32 Unit Blackrock 1.24 Acres of Commercial Land Offered at $1,500,000 in Bridgeport, CT 06605
Investment Highlights
- Asking Price $1,500,000 for 1.24 acres (Equivalent to $46,875 per convertible unit)
- Projected Cost per unit: $168,5000 (including land)
- Developer's Projected Return on Cost (stabilized): 8.75%
- Land value of approx. $1,209,700 per acre
- Projected total Development Cost $5,391,000 (including land)
- Attractive yield for a transit oriented, Class A redevelopment in a supply constrained submarket
Executive Summary
EAC Properties LLC is proud to exclusively present 86 Whittier Street for purchase. This offering presents a rare opportunity to acquire a former school building situated on 1.24 acres in the highly sought after Black Rock neighborhood of Bridgeport, CT. The property is slated for conversion into a 32-unit multifamily apartment community, with all necessary approvals to be delivered prior to closing. Its strategic location is within proximity to Metro North’s Black Rock/Fairfield Metro train station, providing excellent commuter access and supporting strong long-term rental demand.
Black Rock offers a rare combination of lifestyle appeal, strong rental fundamentals, and long term growth potential. For multifamily investors and developers, it represents one of the most promising pockets of opportunity in Fairfield County—where demand is rising, supply is constrained, and the neighborhood’s unique charm continues to attract residents year after year.
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Property Facts
| Price | $1,500,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| Sale Condition | Redevelopment Project | Proposed Use | Apartment Units |
| No. Lots | 1 | Total Lot Size | 1.24 AC |
| Zoning | RC - RC | ||
| Price | $1,500,000 |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Apartment Units |
| Total Lot Size | 1.24 AC |
| Zoning | RC - RC |
1 Lot Available
Lot
| Price | $1,500,000 | Lot Size | 1.24 AC |
| Price Per AC | $1,209,677.42 |
| Price | $1,500,000 |
| Price Per AC | $1,209,677.42 |
| Lot Size | 1.24 AC |
Description
86 Whittier Street is a historic 1912 former school building on a large 1.24-acre corner lot, now positioned as a major residential redevelopment opportunity in Black Rock. EAC Properties LLC is proud to exclusively present 86 Whittier Street for purchase. This offering presents a rare opportunity to acquire a former school building situated on 1.24 acres in the highly sought after Black Rock neighborhood of Bridgeport, CT. The property is slated for conversion into a 32-unit multifamily apartment community, with all necessary approvals to be delivered prior to closing. Its strategic location is within proximity to Metro North’s Black Rock/Fairfield Metro train station, providing excellent commuter access and supporting strong long-term rental demand. Black Rock offers a rare combination of lifestyle appeal, strong rental fundamentals, and long term growth potential. For multifamily investors and developers, it represents one of the most promising pockets of opportunity in Fairfield County—where demand is rising, supply is constrained, and the neighborhood’s unique charm continues to attract residents year after year.
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86 Whittier St - Whittier St Redevelopment 32 Unit Blackrock
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