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    373 Lexington Ave New Haven, CT 06513

    For Sale
    $2,250,000

    Commercial For Sale - New Haven, CT

    Property size:
    32,643 SF
    Lot size:
    0.77 Acres
    Days on Market:
    69
    Last Refresh:
    Dec 14 at 7:06 pm

    Property Features for 373 Lexington Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    RM1
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5
    Bathrooms
    5
    APN
    1239360
    Size
    32,643 SF
    Lot size
    0.77 Acres

    Utilities

    Heating system
    Oil, Steam
    Cooling system
    None (Cooling)

    Building Details

    Year built
    1930
    Floors in Building
    2
    Roof type
    Rubber, Tar/Gravel
    Architectural style
    Other

    Press/Cuozzo Realtors 203-288-1900x123 [email protected]

    Listing agent Stephen Press (203) 288-1900

    Listing date Oct 7, 2025

    MLS# 24081517 Listing URL

    Copyright © 2025 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Industrial Facility with Redevelopment Potential

    This well-maintained industrial facility offers potential for adaptive reuse to residential purposes. Constructed in 1919, the masonry factory/warehouse building features a wet sprinkler system and a heating system with oil-fired and gas units in the warehouse. Electrical service is provided by a 400 amp, 3-phase system. A freight elevator is also present. The property is zoned RM-1 and includes three parcels. The main parcel at 373 Lexington Avenue spans 0.77 acres and is improved with a 32,643 square foot one-to-two-story building. The first floor totals 19,240 square feet, including a 6,000 square foot single-story warehouse with overhead doors and a dock. Ceiling heights vary from 10 to 12 feet. Two additional parcels, located on Lexington Avenue and 82 East Grand Avenue, offer potential for future parking and measure 0.09 acres and 0.12 acres respectively. The building addition was constructed in the 70's.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dow Cover Co ... Sewing Company

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Haven
    County
    New Haven
    State
    Connecticut
    Longitude
    -72.8831755
    Latitude
    41.3076512

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    FAQs

    What type of property is this?
    Industrial property - Well-maintained industrial facility with potential for residential adaptive reuse.
    Where is this industrial property located?
    The property is located at 373 Lexington Ave New Haven, CT.
    What is the asking price?
    The asking price for this property is $2,250,000.
    What are key features of this property?
    This property features: - Potential for adaptive reuse to residential.; - Large 32,643 SF factory/warehouse building on .77-acre site.; - Includes two additional parcels for potential future parking (.09 acre and .12 acre).
    (203) 288-1900
    Request Owner's contact information
    373 Lexington Ave New Haven, CT 06513
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    New Haven, CT 06513
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    373 Lexington Ave New Haven, CT 06513
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