Property profile

181 Clifton St New Haven, CT 06513

FOR SALE
Showrooms
Property ID
US15-1067675
34,382 SF 1.8 ac lot Built 1958
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional three-story, 34,382-square-foot retail building at 181 Clifton Street in New Haven, Connecticut, presents a unique investment opportunity. Constructed in 1958 and zoned RS2, the property currently operates as a nursing and rehabilitation facility, complete with a full kitchen. The existing business will be relocating to a new facility, creating a potential sale-leaseback opportunity for the buyer until the new facility is completed. This allows for immediate income generation while providing flexibility for future development. The property's substantial size and existing infrastructure make it ideal for a variety of uses, including a non-profit rehabilitation center or adult care facility. The building's significant value is underscored by the estimated three to four times higher cost to construct a comparable facility today. This healthcare-accessible building offers numerous options for redevelopment or continued operation, making it a compelling investment in a desirable Connecticut location. The sale does not include the current business operations. The property is located in New Haven County, Connecticut, with a zip code of 06513.

Property profile

Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1958
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 34,382 SF
Lot 1.8 ac (78,408 SF)
Zoning code RM1
APN NHVN M:096 B:1024 L:00400
UPID US15-1067675

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
  • Rehabilitation Center
  • Physician
  • Nursing Home

Location

181 Clifton St New Haven, CT 06513
New Haven metro Census 142604 NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.06M
Blend (final) Blend
$1.81M

Owner & transaction history

since 2021
7 recorded transactions
2021
Price N/A
2019
Price N/A
2014
Price N/A
2013
$1.8M
2006
$3.8M
1999
$3.0M
1992
$11.2M

Zoning & alternative use

RM1 · New Haven, CT
Zoning description

These districts exist for the protection of areas that have been and are being developed predominantly for low-middle density dwellings of various types

General category RESIDENTIAL

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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More about this property
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