845 E Main Street
Fully Occupied Mixed-Use with Upside. Income from Day One
Marketing description
The property is currently generating consistent rental income with additional potential for growth through rent adjustments and repositioning of the commercial space. The existing layout provides flexibility for a variety of uses, including retail, service-based businesses, or food and beverage concepts.
The ground floor features a long-term commercial tenant currently generating $2,361/month, while the upper levels consist of two spacious 2 bedroom 2 bathroom residential units (leased for $1,200 and $1,585/mo) with significant upside potential to meet 2026 market rates. A rare private 10-car parking lot serves the building.
With 2025 NOI $44K and 6.5% cap rate, this property is a "safe haven" for capital in a fluctuating market and perfect addition to a sophisticated portfolio.
Situated at the corner of East Main Street and East Washington Avenue, the property benefits from high visibility, strong foot traffic, and proximity to Metro-North rail (10,000+ passengers/day), I-95 (150,000 vehicles/day), Bank of America, USPS, and national retailers including Starbucks, Chipotle, and Bass Pro Shops.
Turn-key, cash-flowing, and ready for its next chapter.
An excellent opportunity for investors or owner-users seeking a well-located asset with immediate income and value-add potential.
Investment highlights
- 10 Car Parking Lot
- 6,708 SQFT Mixed Use Building
- 3 Occupied Units
- Near Metro-North & I95
- Horseshoe Bar, Restaurant Grade Kitchen, 2 Bathrooms, 3 Phase Power
- Residential: 2 Bed/2 Bath, Washer/Dryer In The Unit, Gas Heat
- High visibility corner location at East Main Street and East Washington Avenue
- Proximity to Metro-North rail (10,000+ passengers/day)
- I-95 access (150,000 vehicles/day)
- Near Bank of America, USPS, Starbucks, Chipotle, and Bass Pro Shops
- 1907 brick construction
- 3-story building
- City water and sewer
- Commercial 3 Phase Power, Residential 100 AMP
- Gas heating
- 1 Mile from the Bridgeport Train Station
- 2 Miles from Route 8
- 1 mile from I-95, Exit 28 (Northbound & Southbound)
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