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Property profile & analytics
OFF-MARKET Estimated value $2,085,000
Retail space

645 Foxon Rd East Haven, CT 06513-1951

14,855 SF 1.54 ac lot Built 2008
Entity Owned 3-yr Hold Free & Clear
Property ID
US15-1055733
Property summary
AI-generated overview

This exceptional retail property, located at 645 Foxon Road in East Haven, Connecticut, presents a significant investment opportunity. The 14,855 square foot building sits on a substantial 1.54-acre lot, offering ample space and visibility. Constructed in 2008, the single-story structure boasts a large, open floor plan perfectly suited for a variety of retail uses. Its previous use as a pharmacy provides existing infrastructure beneficial for similar businesses. The property enjoys a highly visible and accessible location on Foxon Road, ensuring excellent exposure to potential customers. Ample on-site parking is available, enhancing convenience for shoppers and employees. The property's zoning designation is CD, and its proximity to major roads and highways provides easy access for both customers and employees. This prime location, combined with the building's size and features, makes it an ideal investment for discerning buyers seeking a substantial retail presence in a thriving market. The asking price is $2,500,000.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2008
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 14,855 SF
Lot 1.54 ac (67,082 SF)
Zoning code CD
APN EHAV M:460 B:5827 L:006
UPID US15-1055733
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
  • Rite Aid Photo (Bike/Boat/Book/etc) Store
  • Rite Aid Pharmacy
  • higi Physician
  • Joseph Kahrimanis Pharmacy
  • Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.16M
Blend (final) Blend
$2.09M
Owner & transaction history
Rutowsky LLC · 3 yrs held
Rutowsky LLC
since 2022
Last sale
$2.1M
4 recorded transactions
2022
$7.8M
2017
Price N/A
2015
Price N/A
2012
$6.3M
Zoning & alternative use
CD · East Haven, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

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 District PD # Design Resident District DRA-1 Tech Park/Ec…

Zone name Commercial
General category COMMERCIAL
Zone area 85.24 ac
Top alternative use upside
Restaurant $2.2M +37.6%
Commercial (general) $1.7M +6.2%
Office building $1.6M +1.6%
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