BRIDGEPORT – The former site of Mongers Market on Railroad Avenue is the latest in a string of large commercial real estate that have either changed hands or about to in the city, according to Southport-based Angel Commercial LLC.
The 1155 Railroad Ave. complex that was a Pratt-Read Tool factory and up until last month the home of the vintage, antique, and industrial salvage indoor market, is listed by Angel Commercial for $5.99 million. It was last appraised for $2.29 million in 2024, according to city property records. It was last sold to Bridgeport Renaissance LLC in 2012. It features two buildings totaling 126,471 square feet on 2.88 acres. The property is well-positioned for adaptive reuse or continued commercial operations.
Meanwhile, Bridgeport’s commercial real estate market continues to gain traction with the recent sale of two prime investment properties on Commerce Drive totaling $4.85 million.
“The activity we’re seeing reflects a growing appetite for well-located, commercial properties in Bridgeport,” said Jon Angel, President of Angel Commercial, LLC, who brokered both sales. “Bridgeport’s strategic location, zoning flexibility, and business-friendly environment are drawing strong interest from investors and owner-users alike.”
The first property – Commerce Drive Business Park at 1730 Commerce Drive – sold for $3.65 million The 87,778-square-foot, multi-tenanted industrial building spans 3.79 acres and occupies an entire city block. It is anchored by long-term tenant Beacon Roofing Supply, which has occupied approximately 60% of the property since 2011. Originally built during the post-WWII industrial expansion, the property has retained its historic durability while accommodating modern industrial needs.
Just down the street, 1832 Commerce Drive — a 11,728-square-foot, two-story industrial building on 0.25 acres — sold for $1.2 million. Located in a Residential-Office Centers zone, the property is partially leased to CORE by Kleenup Restoration of New England Inc. and was formerly owned and occupied by New England Heating Parts Co.. It was purchased by 16-10 Realty Corp.
“Bridgeport’s transformation is well underway, and the demand for flexible, strategically located commercial properties remains strong,” added Angel.
