Property profile

519 Laurel St East Haven, CT 06512

OFF-MARKET
Investment properties
Property ID
US15-0208058
21.24 ac lot
Entity Owned 21-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional property offers a significant opportunity for businesses seeking ample outdoor storage or logistic parking space. The site encompasses 10+ acres of raw land, ideal for accommodating tractor-trailers, semi-trucks, and storage containers. A substantial, pre-existing stone parking lot provides a secure, level, and dry area for immediate use. The lot's size is flexible, ranging from 43,560 square feet to a substantial 435,600 square feet, catering to various operational needs. Conveniently located with easy access to major highways 95 and 91, this location ensures efficient transportation and logistics. The property is zoned LI-3, suitable for industrial and commercial uses. This single-tenant property offers a cost-effective solution for businesses requiring extensive outdoor storage. Rental rates are competitive, starting at $1000 per month for the larger land parcels. Additionally, individual spots are available for RV, boat, or storage container parking, starting at $200 per month per spot. This versatile property presents a compelling investment opportunity for businesses seeking a strategic location and ample space for their operational requirements. The property is located near Laurel St. Don't miss this chance to secure a prime location for your business's storage and logistical needs.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Lot 21.24 ac (925,214 SF)
Zoning code LI-3
APN EHAV M:330 B:4219 L:001
UPID US15-0208058

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

519 Laurel St East Haven, CT 06512
East Haven metro Census 180400 NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$360k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$360k

Owner & transaction history

since 2005
1 recorded transaction
2005
Price N/A

Zoning & alternative use

LI-3 · East Haven, CT
Zoning description

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 District P…

General category INDUSTRIAL

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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