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Published on: Wednesday, November 6, 2024
Updated on: Wednesday, November 6, 2024
About the Lister
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Name: Lisa Cozzi
Company: Lisa Cozzi Team Century 21 All Points Realty
Office Phone: 860-508-2102
Cell Phone: 860-508-2102
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Financing  Business  Material

  Turnkey 97-Unit Development with Retail Space

199 Congress St Bridgeport Connecticut , 06604
199 Congress St Bridgeport Connecticut , 06604  Lisa Cozzi Team Century 21 All Points Realty
Listing ID: CL-Connecticut-12706 Mixed Use/Retail

Purchase Option

Acquisition Option: Traditional Purchase
Cap Rate (%): Contact Lister
Net Operating Income: $1,904,954.00
Quick Glance
Listing ID: CL-Connecticut-12706
Status: Accepting Offers
Financing: Third Party Financing
Occupancy: N/A
Year Build: 2024
Building Size: 74,000.00 SqFt
Lot Size: 74,000.00 SqFt.
No of Stories: 5
No of Parking: N/A
Offer to Millionaire Club: No
Business Available for Sale: No
Is Net Lease Investment: No
Property On Ground Lease: No
Building Status: Existing
Listing Summary
Discover the epitome of modern living in this brand-new, mixed-use development. Featuring 92 residential units—offering a variety of 1, 2, and 3-bedroom layouts—plus 5 retail spaces, this property is perfectly situated near major highways, the Stratford line, and close to universities and colleges.
Complete Details
Year Build: 2024
Building Size: 74,000 SqFt.
No of Stories: 5
Total Lot Area: 74000 SqFt.
No of Parking: N/A
No of Total Units: 97
Property Current Status: Normal Sale
Building Status: Existing
Heating and Cooling: Not Specified
Building Class: A
Property on Ground Lease?: No
Net Lease Investment?: No
Business Price Included?: No
Roofing: Not Specified
Occupancy: 0%
Full Description
Discover the epitome of modern living in this brand-new, mixed-use development. Featuring 92 residential units—offering a variety of 1, 2, and 3-bedroom layouts—plus 5 retail spaces, this property is perfectly situated near major highways, the Stratford line, and close to universities and colleges. With 25 units already rented and town approvals in place, this turnkey investment is ready to generate income from day one. This property boasts underground parking, central AC, and gas—no renovations, updates, or painful zoning or fire inspections needed. Everything is newly constructed, with a Temporary Certificate of Occupancy (TCO) already secured. Listed at $38M, this is a prime opportunity in a highly desirable area. All retail spaces are for rent! Potential tenants can rent out individually, or occupy the whole space. Any variation will be reviewed. Five years left of a tax abatement, approx 135k a year! Attention investors: Don’t miss out on this hassle-free, modern living experience!
Additional Properties
Property Highlights
  • Fully approved, with 25 of 97 residential units already rented.
  • 1, 2, and 3-bedroom units plus 5 rentable retail spaces.
  • Flexible leasing options for all retail units.
  • No renovations or zoning inspections needed; Temporary Certificate of Occupancy secured.
Listing Location
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