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Financial
Distress signals
Property profile

588 Main St East Haven, CT 06512

OFF-MARKET
Retail space
Property ID
US15-0839037
11,110 SF 1.37 ac lot Built 1997
Last sale Feb 1998 · $2,888,000
Individually Owned Owner of record is an individual. 28-yr Hold Held for 28 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a former Rite Aid retail building comprising 11,110 square feet, situated on a 1.37-acre site. The premises include a drive-through feature and support vehicle-oriented access, with on-site parking for up to 65 vehicles. The property has 203 feet of frontage on Main Street and additional frontage of 357 feet on Charter Oak. The site is zoned CD, and the building is offered in its existing retail configuration with drive-through availability included as part of the premises.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$80k
Tax billed · 2023
Assessed value$2.58M
Assessed land$298k
Assessed improvement$2.28M
Effective rate3.12%

Value estimate

· Oct 2026
$1.96M
$1.76M – $2.15M
CAP approach$2.47M
Submarket $/SF estimate$1.61M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$106/SF
Submarket average, outlier-cleaned · 36 recorded sales of this use type
Observed band · Q1–Q3$63 – $145

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
CD
Commercial, CD District CD Light Industrial District 1 LI-1 Light Industrial District 2 LI-2 Light Industrial District 3 LI-3 Planned Eld...
General categoryCOMMERCIAL
JurisdictionEAST HAVEN

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency21.9
Skin Care Clinic11.2
Gym & Fitness10.8

Location

588 Main St East Haven, CT 06512-2001
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 14 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
383 Forbes, New Haven, CT 06512-1623 $1,100,000 Dec 2024 5,254 SF
597 Main, East Haven, CT 06512-2041 $350,000 May 2024 6,500 SF
439 Main, East Haven, CT 06512-2745 $637,000 Dec 2023 7,930 SF
190 Fulton, New Haven, CT 06512-1834 $599,000 Jun 2023 5,160 SF
400 Coe, East Haven, CT 06512-4111 $110,000 Jun 2021 4,768 SF
365 Hemingway, East Haven, CT 06512-2384 $650,000 Mar 2021 4,748 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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