Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    340 Front Ave West Haven, CT 06516

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,900,000

    3.01 acres with approved plans for industrial and storage.

    Lot size:
    3.01 Acres

    Property Features for 340 Front Ave

    General Information

    Lot size
    3.01 Acres

    Building Details

    Year built
    1962

    We can help!

    Listing Contact
    Nick Mastrangelo
    Nick Mastrangelo
    Source: Elliman

    Listing Agent: Nick Mastrangelo

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

    Learn more

    Overview

    West Haven Development Opportunity

    This 3.01-acre property in West Haven presents a development opportunity. It includes a 5,500-square-foot warehouse/office building and has an approved site plan for industrial, warehouse, or flex use. The site is approved for two additional high-bay buildings, one measuring 12,000 square feet and the other 10,800 square feet. A conceptual plan also allows for a 17-unit self-storage facility and covered RV storage for over 30 vehicles. The seller offers build-to-suit options and leased space at $17 per square foot modified gross. The property is located one block from the University of New Haven and is near I-95, the West Haven Train Station, Yale West Campus, and the Port of New Haven. It features front and rear access and visibility in a growing commercial corridor.
    Location Intelligence

    Current Use by Public Records

    LGE Services, LLC Paving Contractor Soba Express Trucking Trucking Company West Rock Sealing ... Paving Contractor

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    West Haven
    County
    New Haven
    State
    Connecticut
    Longitude
    -72.9556412
    Latitude
    41.2924517

    Nearby Similar for Sale

    • New
      $540,900
      3,328 SF

      West Haven Multifamily Investment Opportunity

      Fully rented two-unit property near University of New Haven.
      155 Lamson St, West Haven, CT 06516
      View Details
    • New
      $720,000
      Pending

      Oversized Four-Family Investment Property

      Well-maintained West Haven four-family with strong rental upside.
      28 Brown St, West Haven, CT 06516
      View Details
    • $849,900
      5,852 SF

      West Haven Mixed-Use Opportunity

      High-potential TOD zone mixed-use property in busy downtown West Haven.
      17 Wagner Pl, West Haven, CT 06516
      View Details
    • $550,000
      2,226 SF

      West Haven Two-Family Home

      Well-maintained two-family home in West Haven, perfect for investors.
      90 Blohm St, West Haven, CT 06516
      View Details
    • $6,500,000
      54,448 SF

      West Haven Commercial Opportunity

      Commercial property with multiple buildings and potential for various uses.
      315 Morgan Ln, West Haven, CT 06516
      View Details
    • $2,400,000
      18,675 SF

      West Haven Medical/Professional Office Building

      Medical/Professional office building for sale in West Haven, CT.
      687-689 Campbell Ave, West Haven, CT 06516
      View Details
    • Contact for pricing

      Take 5 Oil Change Investment

      NNN leaseback property with strong national tenant in West Haven.
      1083 Orange Ave, West Haven, CT 06516
      View Details
    • Contact for pricing

      Hampton Inn & Suites Opportunity

      98-room Hampton Inn & Suites in West Haven, Connecticut.
      510 Saw Mill Rd, West Haven, CT 06516
      View Details
    • $1,250,000

      Banquet Facility For Sale

      8,100 sqft banquet facility, fully equipped, renovated in 2010.
      37 Orlando St, West Haven, CT 06516
      View Details
    • $439,900

      West Haven Triplex Investment Opportunity

      Triplex in West Haven near beaches and town center.
      88 William St, West Haven, CT 06516
      View Details
    • $475,000

      Downtown Triplex Investment Opportunity

      Prime downtown triplex near hospital and university with strong income.
      941 Campbell Ave, West Haven, CT 06516
      View Details
    • $550,000
      2,730 SF

      Well-Maintained Multifamily Near UNH

      Three-family property near UNH, well-maintained with newer mechanicals.
      22 Bristol St, West Haven, CT 06516
      View Details

    FAQs

    What type of property is this?
    Commercial land - 3.01 acres with approved plans for industrial and storage.
    Where is this commercial land located?
    The property is located at 340 Front Ave West Haven, CT.
    What is the asking price?
    The asking price for this property is $1,900,000.
    What are key features of this property?
    This property features: - Approved site plan for industrial, warehouse, or flex use with existing **5,500 SF warehouse/office.**; - Approved for **two additional high-bay buildings (12,000 SF and 10,800 SF).**; - **3.01-acre lot** offering excellent development opportunity.
    (203) 795-6000
    Request Owner's contact information
    340 Front Ave West Haven, CT 06516
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    340 Front Ave
    West Haven, CT 06516
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    340 Front Ave West Haven, CT 06516
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Nick Mastrangelo
    Nick Mastrangelo
    (203) 795-6000
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.