347 Railroad Ave - Apartments FOR SALE


Bridgeport, CT 06604- South End
$1,649,000 USD
475-282-2853
347 Railroad Ave, Bridgeport, CT for Sale
$1,649,000 USD
Apartments - FOR SALE
1/20
null | Request Cap Rate

347 Railroad Ave
Bridgeport, CT 06604
South End


HIGHLIGHTS

  • Property exempt from real estate tax for 7 years, located in enterprise zone.
  • This warehouse-to-residential conversion is fully approved by the Buying Department and Zoning and is ready for construction.
  • Don’t miss this exceptional investment opportunity to develop a high-demand residential project in Bridgeport!
  • Located less then 1 mile from the Bridgeport MTA Station.

OVERVIEW

Fully approved 37-Unit Residential Development – Ready to Build! 29,971 Sq f total, and an additional 5,778 Sq in the basement. A rare opportunity to own a fully approved residential development in Bridgeport. This warehouse-to-residential conversion is fully approved by the Buying Department and Zoning and is ready for construction. Property exempt from real estate tax for 7 years, located in enterprise zone, excellent location near train, shopping center, UB and beach. Buyer to conduct their own due diligence. Don’t miss this exceptional investment opportunity to develop a high-demand residential project in Bridgeport.

FOR SALE DETAILS

PRICE

$1,649,000 USD

PRICE/SF

$55 USD /SF

# OF UNITS

37

PRICE/UNIT

$44,568

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.52 AC

LAND SF

22,773 SF

ZONING

OR-G

APN/PARCEL ID

BRID-000521-000001B

ASK ABOUT THIS PROPERTY

Vasyl IvoniukLisowitch Real Estate Group LlcMore Info
475-282-2853

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Vasyl IvoniukLisowitch Real Estate Group LlcMore Info
475-282-2853

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