48 Boston Post Rd. Orange, CT 6477

The property is a freestanding retail building constructed in 1998, easily demisable with two entrances on the northwest facade facing the surface parking. A garden center is situated on the southwest side, partially covered by a temporary metal roof. Facade signage is visible from Boston Post Road to traffic traveling in both directions. The site has one access point off Boston Post Road and two smaller access points from neighboring centers. Three loading docks are located at the rear of the building, along with a fenced staging area for product. The property is located 3.5 miles southwest of New Haven, CT, approximately 70 miles northeast of Manhattan, New York City. The surrounding area along Boston Post Rd. (Route 1) includes big-box retailers such as Target, Kohl's, Best Buy, Harbor Freight Tools, and Burlington. The average household income in a 3-mile radius is $77,626, reflecting a 21.3% increase since 2010. The local economy, once heavily dependent on manufacturing, is now composed of roughly half education and health care services. Yale University, the area's largest employer, is located 4 miles northeast of the property, followed by Yale-New Haven Hospital. Other large employers in the area include Southern Connecticut State University, Assa Abloy, the Knights of Columbus headquarters, Hubbell, Higher One, Alexion Pharmaceuticals, Covidien, and United Illuminating. The property is part of a portfolio sale featuring surplus retail buildings & premium development sites.