West Haven Development
340 Front Avenue West Haven, CT 06516
340 Front Avenue, West Haven, CT, 06516
$1,900,000
For Sale
$1,900,000
3.01 acres with approved plans for industrial, flex, storage.
Property Size5,796 SF
Lot Size3.01 Acres
Price / SF$327.81
Days on Market279
Property Features for 340 Front Avenue
General Information
- Standard status
- Active
- Size
- 5,796 SF
- Lot size
- 3.01 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1962
Listing Agency
Coldwell Banker Realty
(203) 795-6000
Listed by
TOM CAVALIERE
Source
Corcoran
Added: Oct 15, 2025 Checked: Jul 19 at 3:59 am
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This 3.01-acre property in West Haven presents a development opportunity. It includes a 5,500 square foot warehouse/office building. Approved site plans are in place for industrial, warehouse, or flex use. The property is approved for two additional high-bay buildings, one at 12,000 square feet and another at 10,800 square feet. A conceptual plan allows for a 17-unit self-storage facility and covered RV storage for over 30 vehicles. The seller offers build-to-suit options. Leased space is also available at $17 per square foot, modified gross. Located one block from the University of New Haven and near I-95, the West Haven Train Station, Yale West Campus, and the Port of New Haven, the site offers front and rear access and visibility in a growing commercial corridor.
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).
- 3.01 acre lot offers development opportunity.
Local Financial Insights For Office B
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 | $153.0k | $26.40 |
| − Vacancy | −$35.8k | −$6.18 |
| EGI | $117.2k | $20.22 |
| − OpEx | −$29.3k | −$5.06 |
| NOI | $87.9k | $15.17 |
5,796 SF · lease $26.40/SF/yr · vacancy 23.40% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.26M
$1.10M – $1.47M
NOI $87,907 @ 7.0% cap · market cap 4.63%
Second Best
Warehouse
$962.8K
$842.5K – $1.12M
NOI $67,396 @ 7.0% cap · market cap 3.55%
Theoretical Best
Office A
$1.86M
$1.63M – $2.18M
NOI $130,510 @ 7.0% cap · market cap 6.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
LGE Services, LLC
General Contractor
Soba Express Trucking
Trucking Company
West Rock Sealing ...
General Contractor
Similar For Sale Nearby
Similar Off Market Nearby
- Gebril's Ice Cream Truck — 575 Columbus Ave, New Haven, CT 06519
- Moe's Southwest Grill — 300 Boston Post Rd, West Haven, CT 06516
- Burgerway Truck — 575 Columbus Ave, New Haven, CT 06519
FAQs
What type of property is this?
Flex space - 3.01 acres with approved plans for industrial, flex, storage.
Where is this flex space located?
The property is located at 340 Front Avenue 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 offers development opportunity.
