Bridgeport, CT

DETAILS

NO. UNITS

11

APPROX. SF

PRICE / SF

PRICE / UNIT

PRICE

CONTACT

Daniel Shawah
203-521-6348

PROPERTY DESCRIPTION

Baldwin Pearson & Co., Inc. is pleased to present 2032–2038 Main Street, Bridgeport, CT — a rare and compelling investment opportunity in one of Connecticut’s most dynamic real estate markets. The offering consists of two adjacent brick mixed-use buildings situated on a high-visibility, heavily trafficked block along Bridgeport’s Main Street corridor. Together, the properties comprise seven residential units and four occupied ground-floor retail spaces, delivering an exceptional blend of value-add residential upside and stable, in-place commercial income from day one. Completing the offering is a rear parking lot — an exceptionally rare amenity in this section of Bridgeport.

INVESTMENT HIGHLIGHTS:

  • Significant Value-Add Upside: All seven residential units are currently occupied on month-to-month leases at rents meaningfully below prevailing market rates, presenting an immediate opportunity to substantially increase cash flow through light renovation and strategic lease-up. Two of the apartments are currently vacant allowing for immediate upside potential. One of the vacant apartments is a 1,500 square foot three bed room unit with tremendous value
  • Stable, Proven Retail Income: All four ground-floor commercial spaces are occupied by long-standing tenants, providing a reliable retail income stream with meaningful path forward for future rent growth
  • Versatile Residential Configuration: The residential component features a diverse mix of efficiency, one-, two-, and three-bedroom units, appealing to a broad spectrum of tenant profiles and maximizing long-term occupancy potential
  • Prime Location: Situated along Main Street just off North Avenue, the property enjoys convenient access to Bridgeport’s full complement of dining, retail, transit, and cultural amenities
  • Separately Metered Utilities & Private Parking: The property is individually metered for both electricity and heat, with all utility costs passed directly to tenants. The property also features a private rear parking lot for tenants