For Sale Details

$7,100,000
$86.31 / SF
  • Property Type Office / Professional
  • Sale Type Investment, Net Leased
  • Status Active
  • Created 06/09/21
  • Updated 06/10/21

About 1057 Broad Street, Bridgeport, CT 06604

Angel Commercial, LLC, acting as the exclusive real estate broker, is pleased to offer The Legal Center at 1057-1087 Broad Street in Bridgeport, CT, for sale at $7,100,000.​ This is an investment opportunity that consists of two adjacent office buildings on 2.34 acres in a 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.​

For more information, please contact Jon Angel, President, Angel Commercial, LLC, at (203) 335-6600, Ext.​ 21.​

Building Details

  • Tenancy: Multitenant
  • Building Area (SF): 82,260
  • Year Built: 1910 - 1926
  • Sprinkler: Yes
  • Number of Stories: 4
  • Number of Buildings: 2

Land Details

  • Acreage: 2.34
  • Gas: Yes
  • Sewage System: Public Sewer
  • Water System: Public Water

Financial Characteristics

  • Net Operating Income: $566,044
  • Cap Rate: 8%
  • Financials Year: 2020

Documents for 1057 Broad Street, Bridgeport, CT 06604

FACT SHEET - 1057-1087 Broad Street, Bridgeport, CT 06604.pdf

The Office / Professional property at 1057 Broad Street, Bridgeport, CT 06604 is currently available for sale. Contact Jon Angel from Angel Commercial, LLC for more information.