Property Listing No Longer Available for Sale

1739 Main Street, Bridgeport, CT

Retail for Sale - $3,120,000 - 35,355 Sq. Ft. on 0.85 acres


Property Info

CIMLS#780717
Location
  1739 Main Street
  Bridgeport CT 06604
UpdatedDecember 14th, 2017
TypeRetail
Price$3,120,000
Building35,355 Sq. Ft.
Land0.85 acres

Property Description

Single story building on 0.85 acres with basement and ample parking. Building is currently occupied by Painter's Supply and Main Street Self Storage. The CAP rate is 8% and the total NOI for 2014-2015 is $249,600 with scheduled increases. Corporate Guarantee Fortune 500 Company PPG Industries (NYSE: PPG) acquired Painter's Supply June 2014. Neighbors include Conn Plate and Art Glass Corporation, Dragone Classic Motor Cars, VIP Wash and Lube, Fair Auto Paint and Body Supply and Azul Restaurant. Located at Route 8, Exit 3 entrance/exit ramp with easy access to Route 25.


Financials

INVESTMENT OPPORTUNITY WITH FORTUNE 500 TENANT: Approximately 35,335 RSF retail property available for $3,120,000. Part of a five property portfolio in Connecticut and Massachusetts. For more information visit our website at: www.angelcommercial.com



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