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    Property profile & analytics
    FOR LEASE
    Retail space

    645 Foxon Rd, East Haven, CT 06513

    14,855 SF 1.54 ac lot Built 2008
    Entity Owned 3-yr Hold Free & Clear
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Rite Aid Photo (Bike/Boat/Book/etc) Store
    • Rite Aid Pharmacy
    • higi Physician
    • Joseph Kahrimanis Pharmacy
    • Western Union 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
    $2.09M
    Owner & transaction history
    Rutowsky LLC · 3 yrs held
    Rutowsky LLC
    since 2022
    Last sale
    $2.1M
    4 recorded transactions
    2022
    $7.8M
    2017
    2015
    2012
    $6.3M
    Zoning & alternative use
    CD · East Haven, CT
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Restaurant $2.2M +37.6%
    Commercial (general) $1.7M +6.2%
    Office building $1.6M +1.6%
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    More about this property
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