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    Retail Building with Drive-Thru

    10 Hemingway Ave East Haven, CT

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    For Sale
    Contact for pricing

    11,240 SF retail building with drive-thru on 1.28 acres.

    Type:RETAIL
    Property size:
    11,240 SF
    Lot size:
    1.18 Acres
    Price / SF:
    $173.49/SF
    Added:
    Sep 10, 2025
    Days on Market:
    308
    Last Refresh:
    May 19 at 11:04 pm

    Property Features for 10 Hemingway Ave

    General Information

    Standard status
    Active
    Size
    11,240 SF
    Lot size
    1.18 Acres
    Property subtype
    RETAIL

    Properties For Sale

    at 10 Hemingway Ave Contact us

    Listing office O,R&L Commercial, LLC

    Listing date Sep 10, 2025

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of O,R&L Commercial, LLC

    Investment Insights

    Based on property information with market context.

    This 11,240 square foot retail building includes a drive-thru and is situated on a 1.28-acre lot. The property, formerly a Rite-Aid, has 53 parking spaces, a ratio of 4.72 spaces per 1,000 square feet. It is located at a four-way intersection with a traffic light on Route 142, also known as Short Beach and Coe Avenue, where the current average daily traffic is 21,300 vehicles. The property is in close proximity to the proposed new entrance of Tweed Airport, which may increase traffic flow.

    Key Highlights

    • High‑traffic location at a 4‑way intersection with traffic light (Route 142 / Short Beach & Coe Ave) and 21,300 ADT
    • 11,240± SF Retail Building with Drive‑thru
    • Ample parking with 53 spaces (4.72/1,000 SF)

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $242.8k $21.60
    − Vacancy −$10.9k −$0.97
    EGI $231.9k $20.63
    − OpEx −$69.6k −$6.19
    NOI $162.3k $14.44
    11,240 SF · lease $21.60/SF/yr · vacancy 4.50% · expense 30.00%

    Alternative Uses

    Best Use
    Specialty Retail
    $2.64M
    $2.31M – $3.08M (±1% cap)
    NOI $184,516 @ 7.0% cap · market cap 9.46%
    Second Best
    Retail
    $2.32M
    $2.03M – $2.71M (±1% cap)
    NOI $162,301 @ 7.0% cap · market cap 8.32%
    Theoretical Best
    Office A
    $3.62M
    $3.16M – $4.22M (±1% cap)
    NOI $253,094 @ 7.0% cap · market cap 12.98%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Rite Aid Pharmacy Pharmacy Rite Aid Pharmacy Rite Aid Photo (Bike/Boat/Book/etc) Store Jihad Elkareh Pharmacy Shannielle Antonelli Pharmacy

    Suggested Use

    Real Estate Agency Restaurant Building Supply Auto Parts Store Big Box & Wholesale Store Law Firm Auto Repair Shop Spa & Massage Center Gym & Fitness Center Skin Care Clinic

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

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    Similar Off Market Nearby

    • Rite Aid Pharmacy — 10 Hemingway Ave, East Haven, CT 06512
    • Platinum Prep Meals — 23 Hemingway Ave, East Haven, CT 06512
    • Jihad Elkareh — 10 Hemingway Ave, East Haven, CT 065123404
    • Shannielle Antonelli — 10 Hemingway Ave, East Haven, CT 065123404
    • Eugene Kim — 10 Hemingway Ave, East Haven, CT 06512

    FAQs

    What type of property is this?
    Drug store - 11,240 SF retail building with drive-thru on 1.28 acres.
    Where is this drug store located?
    The property is located at 10 Hemingway Ave East Haven, CT.
    What is the asking price?
    The asking price for this property is $1,950,000.
    What are key features of this property?
    This property features: High‑traffic location at a 4‑way intersection with traffic light (Route 142 / Short Beach & Coe Ave) and 21,300 ADT; 11,240± SF Retail Building with Drive‑thru; Ample parking with 53 spaces (4.72/1,000 SF)
    Contact an agent
    (203) 343-8426 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Samuel Crampton
    Samuel Crampton
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