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645 Foxon Rd East Haven, CT 06513-1951

OFF-MARKET Retail space Google Maps
14,855 SF 1.54 ac lot Built 2008
Entity Owned 3-yr Hold Free & Clear
Estimated value (blended)
$7.38M
Range $6.64M – $8.12M (±10%)
Property ID US15-1055733

Property summary

AI-generated overview

This exceptional retail property, located at 645 Foxon Road in East Haven, Connecticut, presents a significant investment opportunity. The 14,855 square foot building sits on a substantial 1.54-acre lot, offering ample space and visibility. Constructed in 2008, the single-story structure boasts a large, open floor plan perfectly suited for a variety of retail uses. Its previous use as a pharmacy provides existing infrastructure beneficial for similar businesses. The property enjoys a highly visible and accessible location on Foxon Road, ensuring excellent exposure to potential customers. Ample on-site parking is available, enhancing convenience for shoppers and employees. The property's zoning designation is CD, and its proximity to major roads and highways provides easy access for both customers and employees. This prime location, combined with the building's size and features, makes it an ideal investment for discerning buyers seeking a substantial retail presence in a thriving market. The asking price is $2,500,000.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2008
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 14,855 SF
Lot 1.54 ac (67,082 SF)
Zoning code CD
APN EHAV M:460 B:5827 L:006
UPID US15-1055733

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store
  • Pharmacy
  • Physician
  • Pharmacy
  • Bank Credit Union

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.16M
Blend (final) Blend
$7.38M

Owner & transaction history

since 2022
Last sale
$2.1M
4 recorded transactions
2022
$7.8M
2017
Price N/A
2015
Price N/A
2012
$6.3M

Zoning & alternative use

CD · East Haven, CT
Zoning description

Commercial, CD District CD Light Industrial District 1 LI-1 Light Industrial District 2 LI-2 Light Industrial District 3 LI-3 Planned Elderly Facilities District PEFD Planned Elderly Assisted Living Facility PEALF Shorel…

General category COMMERCIAL
Top alternative use upside
Restaurant $2.2M +37.6%
Commercial (general) $1.7M +6.2%
Office building $1.6M +1.6%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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