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    249 Legion Ave New Haven, CT 06519

    For Sale
    Contact for pricing

    Former Rite Aid building with drive-thru and ample parking.

    Property size:
    14,578 SF
    Lot size:
    2.37 Acres

    Property Features for 249 Legion Ave

    General Information

    Size
    14,578 SF
    Lot size
    2.37 Acres

    Source: CBRE | Boston Agent Josh Kulak

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

    Overview

    New Haven Retail Opportunity

    This property in New Haven presents a unique opportunity for purchase or lease. Constructed in 2015, the building previously housed a Rite Aid. A drive-thru is already in place, offering the potential for reuse or conversion into additional loading or parking space. The property includes 52 parking spaces. Situated in a high-traffic location along a popular commuting route, the site benefits from a combined daily traffic count of 28,900 vehicles.
    Insight Report Location Intelligence

    Current Use by Public Records

    higi Medical Clinic Western Union Money Transfer Service Rite Aid Pharmacy Pharmacy Amazon Hub Locker ... Mailing Service Amazon Hub Counter ... Mailing Service

    Suggested Use

    Realty agency Law Firm Restaurant 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.

    Similar Places Nearby

    Berney's Pharmacy, Community Pharmacy, Walgreens Pharmacy, Andrew Cadorette, Julie Boucher

    Location Insight

    • Map
    • Local Demand
    City
    New Haven
    County
    New Haven
    State
    Connecticut
    Longitude
    -72.9416392
    Latitude
    41.3065476

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    FAQs

    What type of property is this?
    Drug store - Former Rite Aid building with drive-thru and ample parking.
    Where is this drug store located?
    The property is located at 249 Legion Ave New Haven, CT.
    What are key features of this property?
    This property features: - High-traffic location on a popular commuting route with 28,900 cars per day.; - Newly constructed building built in 2015.; - Existing drive-thru offers potential for re-use or conversion.
    (860) 803-6684
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    249 Legion Ave New Haven, CT 06519
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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
    249 Legion Ave New Haven, CT 06519
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