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    408 Forest Rd West Haven, CT 06516

    Sponsored
    For Lease
    $24 SF/Yr ($7,354 /Mo)

    Prime 3,677 SF Retail Space

    Lot size:
    3,677 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 3,677-square-foot retail property in West Haven, Connecticut, presents a unique investment opportunity. Situated on a 1.6-acre lot with ample parking (20 spaces), this single-tenant building is zoned NB (Neighborhood Business) in New Haven County (zip code 06516). The property is currently vacant and offers flexibility for lease or ground lease options. Businesses can utilize the existing structure or explore a build-to-suit development. The location benefits from high daytime traffic due to its proximity to major retailers such as George Hart Nissan, Sixt, and Dunkin' Donuts. West Haven's demographics showcase a strong commercial trade area with growth potential, featuring a youthful median age and stable income levels. The property's zoning allows for significant development potential. By right, a new building could occupy 60% of the lot, reaching up to 4.6 stories in a mixed-use configuration. The first floor would be designated for retail or office space, while upper floors could be residential. Maximum floor size is 42,402 square feet, based on the 60% lot coverage. Mixed-use developments must include a minimum of 2,500 square feet of commercial space per residential bedroom. The University of New Haven is conveniently located within one mile, further enhancing the property's appeal.

    Property Features for 408 Forest Rd

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,677 SF
    Total Rate
    7354

    Unit(s) available at that property

    Space
    Available Space
    Size
    3,677 SF
    Rate per SF
    $24

    HighLights

    • 3,677 SF retail building available for lease at $24/SF.
    • 1.6‑acre lot available for ground lease at $120,000 annually.
    • Daycare site concept plans available.
    • 20 surface parking spaces (6.21/1000 SF ratio).
    • 325' of frontage on Forest Road with two curb cuts.
    • Located within 3 miles of Yale University and Downtown New Haven.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    West Haven
    County
    New Haven
    State
    Connecticut
    Longitude
    -72.965524
    Latitude
    41.304225

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    FAQs

    What type of property is this?
    Retail property - Prime 3,677 SF Retail Space
    Where is this retail property located?
    The property is located at 408 Forest Rd West Haven, CT.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    What are key features of this property?
    This property features: 3,677 SF retail building available for lease at $24/SF.; 1.6-acre lot available for ground lease at $120,000 annually.; Daycare site concept plans available.
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    408 Forest Rd West Haven, CT 06516
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    408 Forest Rd West Haven, CT 06516
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