645 Foxon Rd East Haven, CT 06513
- Retail space
- 14,855 SF
- 1.54 lot acres
Current Use by Public Records
- Rite Aid Photo / Photo Lab
- Rite Aid / Beauty Supply Store / Convenience Store
- higi / Health Consultant
- Joseph Kahrimanis / Pharmacy
- Western Union / Money Transfer Service
Property Details for 645 Foxon Rd
- Year built
- 2008
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 1.54 lot acres
- Property size
- 14,855 SF
- Zone code
- CD
- Property type
- Retail space
- APN
- EHAV M:460 B:5827 L:006
- APU
- EHAVM460B5827L006
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $7,380,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $8,180,000
- 6.5%
- $7,525,000
- 7%
- $7,475,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $7,470,000
- Geo Method
- $8,265,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $6,810,000
- Retail
- $7,170,000
- Mixed-Use
- $6,700,000
- Hospitality
- $7,510,000
- Educational
- $8,110,000
- Residential Income
- $7,480,000
- Energy
- $6,790,000
- Income-Based Land
- $8,935,000
- Food Service
- $7,485,000
Location Insight
- Map
- Local Demand
- City
- East Haven
- County
- New Haven
- State
- Connecticut
- Longitude
- -72.8505
- Latitude
- 41.3224
- CBSA code
- 35300
- CBSA name
- NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA