209 Center St - Warehouse FOR SALE


Bridgeport, CT 06604- The Hollow
$2,800,000 USD
203-348-8566
209 Center St, Bridgeport, CT for Sale
$2,800,000 USD
Warehouse - FOR SALE
1/36
null | 5.4% Cap Rate

209 Center St
Bridgeport, CT 06604
The Hollow


HIGHLIGHTS

  • Investment/ Value Add opportunity for owner/user industrial/flex space asset with steady income stream
  • Beautifully renovated linear windows, exposed brick and natural light for a modern industrial finish
  • Property includes a rare two bedroom residential apartment for owner/user or could be rented for additional income stream
  • Conveniently positioned for easy on/off access to I-95 and route 8 intersection
  • Possible seller financing for qualified buyers
  • Located within the Bridgeport Enterprize Zone

OVERVIEW

Pyramid Real Estate Group is pleased to offer for sale exclusively a very rare flex/industrial plus residential property located at 209 Center St, Bridgeport, CT. An outstanding opportunity for a value-add end-user/owner or investor to own a multi-tenant industrial asset, which is in very high demand, with the added benefits of a steady rental income/commercial( Modified Gross leases) already in a place with annual escalations. The property consists of 29,386 square feet of flex/industrial building, including five industrial/flex spaces with 14-16ft ceiling heights ranging from 3,000sf - 6,640sf and a 1,500 square two-bedroom apartment. This beautifully renovated warehouse/factory building with linear windows provides plenty of natural light and interior exposed bricks and exposed wooden rafters, creating a modern industrial finish. The Property is ideally located along the Route 8 corridor and within 1 mile from 1-95 Exit (27-A). The property can be delivered with vacant industrial space for the owner/user, as two tenants are currently on an MTM basis. The residential apartment can either serve as a residence for the owner or be leased to tenants for an additional income stream.

FOR SALE DETAILS

PRICE

$2,800,000 USD

PRICE/SF

$93 USD /SF

CAP RATE

5.4%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1916

UTILITIES

Gas - Natural, Water - City, Sewer - City, Heating - Gas

CLEAR CEILING HT

16 Ft

DOCKS

2

DRIVE INS

2

PARKING SPACES

17

LAND DETAILS

LAND ACRES

0.65

LAND SF

28,314

ZONING

RC

APN/PARCEL ID

BRID-000041-001040-000014A

ASK ABOUT THIS PROPERTY

Chris MaillerPyramid Real Estate GroupMore Info
203-348-8566

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Chris MaillerPyramid Real Estate GroupMore Info
203-348-8566

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.