The Legal Center, 1057-1087 Broad Street, Bridgeport, CT 06604
Investment Opportunity: Two Adjacent Office Buildings on 2.3 Acres for Sale in Prime Downtown Bridgeport Location in a Designated Opportunity Zone at $7,100,000
Investment Opportunity: Two Adjacent Office Buildings on 2.34 Acres for Sale in Prime Downtown Bridgeport Location. In a Designated Opportunity Zone, the Legal Center consists of two adjacent office buildings that provide 82,260 SF of space on 2.34 acres including a private pay gated parking lot. The 2020 Net Operating Income was $566,044 and the cap rate is 7.97%.
With 275 linear feet of frontage on Broad Street, the properties span an entire city block from John Street to Cannon Street. 1057 Broad Street is a 36,432 SF four-story office building with 4,734 RSF available for lease. 1087 Broad Street is a 45,828 SF four-story brick office building with 1,050 RSF available for lease. Both buildings feature central air conditioning, a wet sprinkler system, common restrooms, a security surveillance camera system, and an elevator.
The Legal Center is conveniently located within walking distance (0.2 miles) from the Bridgeport Train Station and a Greater Bridgeport Transit Bus Stop, and 0.7 miles from I-95 (Exit 27). It is in close proximity to the courthouses and near a brand-new amphitheater, arena, ferry, restaurants, banks, and shopping.
|Total Building Size:||#1057: 36,432 SF
#1087: 45,828 SF
TOTAL: 82,260 SF
|Space Available:||6,244 RSF|
|Zoning:||Downtown Core Village District (DVDCORE) & Downtown Transit-Oriented Development Village District (DVDTOD)|
|Real Estate Taxes:||$193,848.46 (2021)|
|Year Built:||1910 & 1926 Fully Renovated Building|
|Amenities:||Wet Sprinkler Systems, Handicap Accessible, Elevators, Security Surveillance Camera System|
omissions, change of price, rental or other conditions, withdrawal without notice and to any special listing conditions imposed by our principals.