Property profile

116 Ct St New Haven, CT 06511

OFF-MARKET
Commercial land
Property ID
US15-1222009
0.1 ac lot
Individually Owned 2-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 2,500 square foot retail condo, located at 116 Court Street, Unit G1 in New Haven, Connecticut (06511), presents a fantastic opportunity for business owners. Currently vacant and ready for immediate occupancy, this Class C storefront boasts a modern industrial design with high ceilings and abundant natural light. The space features a clean, "vanilla box" layout, allowing for complete customization to suit any retail concept. A recently updated bathroom adds convenience. The property is zoned for commercial use and benefits from its location directly across from a municipal parking lot, ensuring high visibility and easy access for customers. With a list price of $225,000 ($90/SF land value), this represents a compelling investment in a vibrant and established area of New Haven. The single-owner property is being offered for sale by owner, providing a streamlined transaction process. This is a rare opportunity to secure a well-located, move-in-ready retail space in a thriving Connecticut market. Don't miss out on this chance to establish your business in a prime New Haven location.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.1 ac (4,204 SF)
APN NHVN M:240 B:0256 L:00702
UPID US15-1222009

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
  • Apartment Building

Location

116 Ct St New Haven, CT 06511-6953
New Haven metro Census 140102 NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$235k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$235k

Owner & transaction history

since 2024
Last sale
$235,000
7 recorded transactions
2024
$235,000
2023
$125,000
2022
Price N/A
2021
$200,000
2021
$141,000
2016
$30,000
2013
$110,000

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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