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    181 Clifton St New Haven, CT 06513

    Sponsored
    For Sale
    $12,000,000

    34,382 SF Retail Building, $12M

    Property size:
    34,382 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional three-story, 34,382-square-foot retail building at 181 Clifton Street in New Haven, Connecticut, presents a unique investment opportunity. Constructed in 1958 and zoned RS2, the property currently operates as a nursing and rehabilitation facility, complete with a full kitchen. The existing business will be relocating to a new facility, creating a potential sale-leaseback opportunity for the buyer until the new facility is completed. This allows for immediate income generation while providing flexibility for future development. The property's substantial size and existing infrastructure make it ideal for a variety of uses, including a non-profit rehabilitation center or adult care facility. The building's significant value is underscored by the estimated three to four times higher cost to construct a comparable facility today. This healthcare-accessible building offers numerous options for redevelopment or continued operation, making it a compelling investment in a desirable Connecticut location. The sale does not include the current business operations. The property is located in New Haven County, Connecticut, with a zip code of 06513.

    Property Features for 181 Clifton St

    General Information

    Property type
    Retail properties
    Square Feet
    34,382 SF

    Building Details

    Year Built
    1958
    Stories
    3

    HighLights

    • $12,000,000 asking price.
    • 34,382 square foot retail building.
    • Three‑story building constructed in 1958.
    • Currently operating as a nursing and rehabilitation facility; business not included in sale.
    • Potential sale‑leaseback opportunity.
    • Full kitchen included.
    Property Profile Location Intelligence

    Current Use by Public Records

    RegalCare at New Haven Rehabilitation Center Dorothy Washington Nurse Practitioner New Haven Center ... Nursing Home

    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
    -72.8786781
    Latitude
    41.3091034

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    FAQs

    What type of property is this?
    Retail property - 34,382 SF Retail Building, $12M
    Where is this retail property located?
    The property is located at 181 Clifton St New Haven, CT.
    What is the asking price?
    The asking price for this property is $12,000,000.
    What are key features of this property?
    This property features: $12,000,000 asking price.; 34,382 square foot retail building.; Three-story building constructed in 1958.
    Request Owner's contact information
    181 Clifton St New Haven, CT 06513
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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
    181 Clifton St New Haven, CT 06513
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