86 Fitch StNew Haven, CT 06515

Property Details for 86 Fitch St

Year built

1964

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.12 AC

Property size (Sq ft)

1,568 SF

Zone code

RM1

Property type

Other commercial real estate

Property subtype

Showrooms

APN

NHVN M:372 B:1159 L:00801

APU

NHVNM372B1159L00801

Description

This exceptional 6,000-square-foot warehouse, located at 86 Fitch Street in New Haven, Connecticut, presents a compelling investment opportunity. Classified as a Class C industrial property, this single-tenant building sits on one acre of land in New Haven County, zip code 06515. The warehouse boasts a single story design and underwent renovations in the year 2000. Its functionality is further enhanced by its classification as both a warehouse and distribution center, making it suitable for a variety of logistical operations. The property's size and location within New Haven offer excellent accessibility to major transportation routes, streamlining distribution and logistics. The building's 6,000 square feet provide ample space for storage and operational needs. This property is ideal for businesses seeking a well-maintained, single-tenant warehouse in a strategic location within New Haven. The property's single-tenant occupancy provides stability and ease of management. The 2000 renovation ensures the building is equipped with modern features and systems, enhancing its operational efficiency. This presents a rare opportunity to acquire a functional and well-situated industrial property in a thriving Connecticut market. Interested parties are encouraged to inquire for further details and scheduling a viewing.

• CAP approach

  CAP return

  Valuation

  6%

  $381,079

  6.5%

  $351,765

  7%

  $326,639

• Comparable approach

  Method

  Valuation

  Relative Method

  $516,285

  Geo Method

  $516,285

• Alternative Use

  Use

  Valuation

  Residential

  $296,727

  Hospitality

  $271,800

  Educational

  $226,135

  Medical

  $233,912

  Retail

  $351,765

Location Insight

City

New Haven

County

New Haven

State

Connecticut

Latitude

41.327

Longitude

-72.9551

CBSA code

35300

CBSA name

NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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