Industrial Facility with Redevelopment
For Lease
$1,995,000
373 Lexington Ave, New Haven, CT 06513
Well-maintained industrial facility with adaptive reuse potential for residential.
Space SizeContact for details
Property Size32,643 SF
Lot Size0.77 Acres
Days on Market509
Property Features for 373 Lexington Ave
General Information
Standard status
Active
Size
32,643 SF
Lot size
0.77 Acres
Taxes and HOA fees
Annual Taxes
$35,388
Listing Agency:
Press/Cuozzo Realtors
(203) 288-1900
Listed By:
Stephen Press · License #REB.0751704
(203) 288-1900
Source:
Exprealty
Added: Mar 18, 2025
Changed: Aug 8
Last Checked: May 22 at 3:48AM
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 Press/Cuozzo Realtors
Investment Insights
Based on property information with market context.
This well-maintained industrial facility offers potential for adaptive reuse to residential purposes. Constructed in 1919, the one- to two-story masonry factory/warehouse building spans 32,643 square feet and sits on a 0.77-acre lot. An addition was constructed in the 1970s. The first floor comprises 19,240 square feet, including a 6,000 square foot single-story warehouse with overhead doors and a dock. The building features a fully sprinklered wet system, a main oil-fired heating system, and gas units in the warehouse. It is equipped with a 400 amp, 3-phase electrical service and a freight elevator. Ceiling heights vary from 10 to 12 feet. The property includes three parcels: the primary 0.77-acre site at 373 Lexington Avenue, and two additional parcels intended for potential future parking, one 0.09-acre site on Lexington Avenue and one 0.12-acre site at 82 East Grand Avenue. The zoning is RM-1.
Key Highlights
- Large .77‑acre site with a 32,643 SF building.
- Potential for adaptive reuse to residential.
- Includes two additional parcels for potential future parking.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
475
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 06513, CT
38,618
Population
17,006
Households
2.3
Avg Household Size
36
Median Age
19%
College-Educated
80%
High-School Grad
7.2 sq mi
ZIP Area
5,364
Density / Sq Mi
$46,520
Median Household Income
$38,369
Median Earnings
$1,208
Median Rent
$226,600
Median Home Value
Market
Lease Benchmarks for New Haven, CT
$12 /SF/Yr
Avg Asking Price
$2.07–$32.85 /SF/Yr
Price Range
25,629 SF
Avg Space Size
Vacancy Rate% for Industrial in New Haven, CT
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Similar Off Market Nearby
- Budget Self Storage Centers — 315 Peck St, New Haven, CT 06513
- N.E.R.O.C., Inc. Shipping & Receiving — 213 Fairmont Ave, New Haven, CT 06513
- StorQuest Self Storage — 140 Ferry St, New Haven, CT 06513
Frequently Asked Questions
What type of property is this?
Warehouse - Well-maintained industrial facility with adaptive reuse potential for residential.
Where is this warehouse located?
The property is located at 373 Lexington Ave New Haven, CT.
What is the lease rate?
The lease rate is $1,995,000.
What are key features of this property?
This property features: Large .77‑acre site with a 32,643 SF building.; Potential for adaptive reuse to residential.; Includes two additional parcels for potential future parking.
