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$2,495,000
Est. payment /mo
12 Baths
20,971 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 20,971 sqft
Price per Sqft $118
MLS Listing ID 24158386
Full Baths 1
Half Baths 11
Year Built 1982
Annual Tax Amount $59,503
Lot Size 2.140 Acres
Property Description
Incredible Investment opportunity to own three buildings on one large 2.16 acre lot on Route 80 in East Haven with a huge upside potential. The first building consist of a 16,570 SQ FT office building with 3 excellent long term tenants and one 1000 SQ FT office space currently vacant. The rents for the building are currently $7000 (leased until 2026), $3181 (leased until 2028) and $1800 (Month to month). The second building is located at 430 Foxon RD which is a free standing building with 1950 SQ FT leased for $4191 per month until 2027 to a bank with a long term NNN lease (Paying 37% of the taxes on the property). The bank has a second three year option until 2030 at $4,400 and is currently in negotiation to resign for an additional 10 years. The third building is a 2424 SQ FT single family house with 5 bedrooms and 1.5 baths currently leased at a very below market rent at $1800 per month. The complex has ample off street parking for ~ 40 cars. This Investment opportunity will not last long!
Location
State CT
County New Haven
Zoning R-3
Interior
Heating Baseboard, Hot Air
Cooling Central Air
Flooring Ceramic Tile, Vinyl, Wall-to-Wall Carpet
Exterior
Exterior Feature Sidewalk, Lighting
Utilities Available Electric, Gas
Roof Type Asphalt Shingle
Building
Lot Description Level Lot
Story 2
Foundation Concrete, Stone
Sewer Public Sewer Connected
Water Public Water Connected
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Listed by John Hill • Seabury Hill REALTORS
Nearby Locations
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