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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

The Legal Center, 1057-1087 Broad Street, Bridgeport, CT 06604

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.

The Site
Total Building Size: #1057: 36,432 SF
#1087: 45,828 SF
TOTAL: 82,260 SF
Space Available: 6,244 RSF
Land: 2.34 Acres
Zoning: Downtown Core Village District (DVDCORE) & Downtown Transit-Oriented Development Village District (DVDTOD)
Real Estate Taxes: $193,848.46 (2021)
Construction: Masonry
Year Built: 1910 & 1926 Fully Renovated Building
Construction: Brick
Stories: Four
Tenancy: Multiple
Financial Details
Eligibility: Designated Opportunity Zone
2020 NOI: $566,044
Cap Rate: 7.97%
Features
Parking: Abundant
Amenities: Wet Sprinkler Systems, Handicap Accessible, Elevators, Security Surveillance Camera System
Utilities
Water/Sewer: City/City
Heating: Gas
A/C: Central Air-Conditioning
Updated: 21st September 2021
Contact:
Jon Angel, President
203.335.6600, Ext. 21
jangel@angelcommercial.com
No warranty or representation, express or implied is made as to the accuracy of the information contained herein, and same is submitted subject to errors,
omissions, change of price, rental or other conditions, withdrawal without notice and to any special listing conditions imposed by our principals.