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Medical Office Building with Parking
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116 Sherman Ave, New Haven, CT 06511

Three floors plus basement with central air, open floor plan, and on-site parking near Yale Saint Raphael Hospital.

Property Size6,461 SF
Days on Market143

Property Features for 116 Sherman Ave

General Information

Standard status Active
Size 6,461 SF
Property subtype Office

Amenities

central air
on-site parking
open floor plan

Building Details

Stories 3
Listing Agency: WARECK D'OSTILIO REAL ESTATE LLC
Listed By: Young Lee · License #CT RES.0798035
Source: Crexi
Added: Apr 11 Changed: Aug 23 Last Checked: Aug 14 at 7:46AM

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 WARECK D'OSTILIO REAL ESTATE LLC

Investment Insights

Based on property information with market context.

This medical office building offers three floors plus a basement, totaling 6,461 square feet of flexible interior space. The layout includes an open floor plan and central air throughout, supporting a variety of professional office uses.

The property is located in a convenient area within walking distance to Yale Saint Raphael Hospital, with remarks also noting heavy traffic in the surrounding area.

On-site parking is available, helping accommodate day-to-day staff and visitor needs. The space has been presented for professional use, including offices for doctors, lawyers, CPS’s, insurance, or other professionals.

Key Highlights

  • 3 floors plus basement with a total of 6,461 SF
  • Central air and an open floor plan
  • On‑site parking available

Property Analytics

Current Use

Elder Care Connections ... Community Center Gerardo Sorkin Foster Care Service Hispanic Health Council ... Crisis Center TJ Plumbing and Heating Plumbing Service Rosalba Salamanca Physician

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Accounting Firm Bakery HVAC Service Electrical Service Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

4,860
Businesses Nearby

Demographics for 06511, CT

55,879
Population
24,579
Households
2.3
Avg Household Size
29
Median Age
48%
College-Educated
91%
High-School Grad
5.8 sq mi
ZIP Area
9,634
Density / Sq Mi
$56,300
Median Household Income
$34,409
Median Earnings
$1,534
Median Rent
$313,400
Median Home Value

Market

Vacancy Rate% for Office in New Haven, CT

11.9% 2019
12.4% 2020
17.7% 2021
18.8% 2022
18.7% 2023
16.5% 2024
17.2% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Three floors plus basement with central air, open floor plan, and on-site parking near Yale Saint Raphael Hospital.
Where is this office building located?
The property is located at 116 Sherman Ave New Haven, CT.
What are key features of this property?
This property features: 3 floors plus basement with a total of 6,461 SF; Central air and an open floor plan; On‑site parking available
More about this property
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