September 15, 2021 – Tom Connor of Horvath & Tremblay has arranged the sale of a 0.7-acre development site in Bridgeport, Connecticut. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $785,000.
The development parcel is comprised 3115, 3129 & 3135 Fairfield Avenue and 704 Courtland Avenue in the Black Rock neighborhood of Bridgeport, Connecticut. The development site is situated on three adjacent tax parcels and contains a total of 0.7 acres. The Property is located in an Office/Retail Zone (OR), which allows for a mix of commercial, office, retail and residential uses in areas where it is intended to preserve and enhance established commercial areas in or near residential neighborhoods. The Property is located on the four-lane Fairfield Avenue in Bridgeport’s desirable Black Rock neighborhood located on the city’s southwestern coast near the Fairfield town line. The Black Rock neighborhood is known for its picturesque waterfront, vibrant nightlife and desirable real estate. Black Rock’s yacht clubs and marinas provide for endless enjoyment on Long Island Sound while the restaurants, bars, & live music on Fairfield Avenue afford numerous dining and entertainment options. The Property is located just one mile from the intersection of the region’s primary highways – Interstate 95 and US Route 1. The newly completed Black Rock Train Station is located 0.7 miles from the Property and offers commuter access to New York’s Grand Central Station and regional Amtrak service from Boston to Washington DC. A Norwalk Transit “Wheels” bus stop immediately in front of the Property also provides local service throughout the area.
Horvath and Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in New England. Their advisors specialize in the sale of apartment buildings, mixed-use properties, and development projects. They have experience successfully structuring portfolio sales and 1031 exchanges. They have a dedicated buy side desk that provides real time inventory and market data to each individual client placing capital or fulfilling a 1031 exchange requirement. The firm is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.