91 Shelton Ave New Haven, CT 06511
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.
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Klee Properties Property Management Company
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New Haven Business Center Business Park
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crown bell management Real Estate Agency
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Omola Studio Theater & Performing Art Venue
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Vanessa Santiago Foster Care Service Social Service Agency
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.