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Property profile & analytics
OFF-MARKET
Office Spaces

91 Shelton Ave New Haven, CT 06511

130,000 SF 2.12 ac lot
Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Office Spaces
Total area 130,000 SF
Lot 2.12 ac (92,347 SF)
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
  • Klee Properties Property Management Company
  • New Haven Business Center Business Park
  • crown bell management Real Estate Agency
  • Omola Studio Theater & Performing Art Venue
  • Vanessa Santiago Foster Care Service Social Service Agency
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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