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    430 Forbes Ave New Haven, CT 06512

    Pending
    For Sale
    $749,900

    Commercial For Sale - New Haven, CT

    Property size:
    2,600 SF
    Lot size:
    0.35 Acres
    Days on Market:
    53
    Last Refresh:
    Dec 5 at 1:06 pm

    Property Features for 430 Forbes Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Pending
    Security features
    Security System
    Zoning
    BA
    APN
    1237915
    Interior features
    Security System
    Size
    2,600 SF
    Lot size
    0.35 Acres

    Utilities

    Heating system
    Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1982
    Roof type
    Flat
    Architectural style
    Other

    Calcagni Real Estate (203) 272-1821 [email protected]

    Listing agent Lawrence Madow (203) 265-1821

    Listing date Oct 14, 2025

    MLS# 24113698 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

    Freestanding Commercial Building For Sale

    Located on a prominent corner lot, this freestanding commercial building is currently leased to Citizens Bank. The property size is 2,600 square feet and the lot size is 0.35 acres. The property generates approximately $68,000 in gross annual income with minimal operating expenses, offering a strong return and reliable cash flow. The zoning is BA. This asset can also be sold as a package with 70 Washington Avenue, North Haven.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Citizens Bank Atm Citizens Bank

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store 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
    -72.8937595
    Latitude
    41.2904348

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    FAQs

    What type of property is this?
    Bank - Freestanding commercial building in New Haven, CT, leased to Citizens Bank.
    Where is this bank located?
    The property is located at 430 Forbes Ave New Haven, CT.
    What is the asking price?
    The asking price for this property is $749,900.
    What are key features of this property?
    This property features: - Long-term tenant (Citizens Bank) provides reliable cash flow.; - Generates approximately $68,000 in gross annual income.; - Minimal operating expenses offer a strong return.
    (203) 265-1821
    Request Owner's contact information
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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
    430 Forbes Ave New Haven, CT 06512
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