340 Front Ave West Haven, CT 06516
3.01 acres with approved plans for industrial, flex, storage.
Property Features for 340 Front Ave
General Information
- Standard status
- Active
- Size
- 5,500 SF
- Lot size
- 3.01 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1962
Listing office Coldwell Banker Realty (203) 641-2100
Listing date Mar 10, 2026
Source Elliman
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Investment Insights
Based on property information with market context.
Key Highlights
- 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).
- Excellent location: one block from the University of New Haven and close to I‑95, West Haven Train Station, Yale West Campus, and Port of New Haven.
Local Financial Insights For Warehouse
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 | $79.2k | $14.40 |
| − Vacancy | −$4.0k | −$0.72 |
| EGI | $75.2k | $13.68 |
| − OpEx | −$11.3k | −$2.05 |
| NOI | $64.0k | $11.63 |
