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    91 Shelton Ave New Haven, CT 06511

    Sponsored
    For Sale
    $11,600,000

    130,000 SF Medical Office Redevelopment Opportunity

    Property size:
    130,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 130,000 square foot medical office building, situated on a 2.12-acre lot at 91 Shelton Avenue in New Haven, Connecticut (zip code 06511), presents a compelling redevelopment opportunity. Currently configured as a medical office space, the property offers significant potential for repurposing. Its strategic location adjacent to Science Park, a thriving research complex near Yale University's campus, makes it ideally suited for life sciences development. The building's rear entrance provides direct access to Science Park, enhancing its appeal to research-oriented businesses. An adjoining 2.77-acre parcel at 71 Shelton Avenue offers further expansion possibilities for life sciences ventures or complementary uses. The asking price for this substantial property is $11,600,000. Beyond life sciences, alternative uses such as self-storage or cannabis cultivation could also be explored, subject to all necessary approvals and zoning regulations. This property represents a rare chance to acquire a large-scale building in a rapidly growing area with diverse redevelopment potential. The property's size and location offer significant long-term investment value. Serious inquiries are encouraged.

    Property Features for 91 Shelton Ave

    General Information

    Property type
    Medical offices
    Square Feet
    130,000 SF
    Lot Size
    92,347 SF

    HighLights

    • 130,000 SF building on a 2.12‑acre parcel with rear access to Science Park.
    • Adjacent 2.77‑acre parcel (71 Shelton Avenue) available for life sciences development.
    • Suitable for life sciences renovation.
    • Prime location adjacent to Science Park, near Yale University; alternative uses include self‑storage and cannabis cultivation.
    • $11.6 Million sale price.
    Property Profile Location Intelligence

    Current Use by Public Records

    Klee Properties Property Management Company New Haven Business ... Business Park crown bell management Real Estate Agency Omola Studio Arts Organization Vanessa Santiago Social Worker

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    New Haven
    County
    New Haven
    State
    Connecticut
    Longitude
    -72.9327865
    Latitude
    41.3247815

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    FAQs

    What type of property is this?
    Medical office - 130,000 SF Medical Office Redevelopment Opportunity
    Where is this medical office located?
    The property is located at 91 Shelton Ave New Haven, CT.
    What is the asking price?
    The asking price for this property is $11,600,000.
    What are key features of this property?
    This property features: 130,000 SF building on a 2.12-acre parcel with rear access to Science Park.; Adjacent 2.77-acre parcel (71 Shelton Avenue) available for life sciences development.; Suitable for life sciences renovation.
    Request Owner's contact information
    91 Shelton Ave New Haven, CT 06511
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    New Haven, CT 06511
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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
    91 Shelton Ave New Haven, CT 06511
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