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Property profile & analytics
OFF-MARKET
Retail space

42 Michael St East Haven, CT 06513-1811

5,652 SF 0.23 ac lot Built 1971
Individually Owned 34-yr Hold ~ Est. High Equity
Property ID
US15-0687244
Property summary
AI-generated overview

This exceptional East Haven, CT flex building presents a rare investment opportunity. Located at 42 Michael St, 06513, this 5,652 square foot property sits on a 0.23-acre lot and offers high visibility from Route 80, just one mile from I-91, Exit 8. The building, constructed in 1971 and zoned CB-2, features two units, each priced at $400,000, for a total asking price of $800,000 ($141.54/sq ft). The layout includes a spacious first floor ideal for retail or various uses, complemented by appealing, classic-designed second-floor offices. The property boasts one loading dock and one dock-high door, making it suitable for a variety of businesses. This is a unique chance to acquire a well-positioned, versatile commercial property in a desirable location. The building's convenient access to major roadways ensures excellent connectivity and accessibility for both employees and customers. Its prime location and adaptable space make it an attractive investment for both owner-occupiers and investors seeking a strong return. Don't miss this opportunity to own a piece of East Haven's thriving commercial landscape.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1971
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 5,652 SF
Lot 0.23 ac (10,019 SF)
Zoning code CB-2
APN EHAV M:450 B:5719 L:010
UPID US15-0687244
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
  • Bardell Printing Corp (Bike/Boat/Book/etc) Store
  • Record Nations Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Frank Gambardella · 34 yrs held
Frank Gambardella
since 1992
1 recorded transaction
1992
Price N/A
Zoning & alternative use
CB-2 · East Haven, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Commercial, CB-2 District CB-2 Commercial, CC District CC Commercial, CD District CD Light Industrial District 1 LI-1 Light Industrial District 2 LI-2 Light Industrial District 3 LI-3 Planned Elderly Facilities District PEFD Planned Elderly Assisted Living Facility PEALF Shoreline Development District #1 S-1 Shoreline Development Area SDA Planned Development…

Zone name Commercial
General category COMMERCIAL
Zone area 69.51 ac
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