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    70 Elm St West Haven, CT 06516-3810

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    Property profile & analytics

    70 Elm St West Haven, CT 06516-3810


    • Showrooms
    • 11,084 SF
    • 1.19 lot acres
    Off-Market
    Last Sale Jan 7, 2025
    Property ID
    US15-0213171
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    $1,420,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • higi / Physician
    • Rite Aid Pharmacy / Pharmacy
    • Rite Aid Photo / (Bike/Boat/Book/etc) Store
    • Western Union / Bank / Credit Union
    • Amazon Hub Locker - Asar / Courier Service / Postal Service

    Property Details for 70 Elm St

    Year built
    1998
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.19 lot acres
    Property size
    11,084 SF
    Zone code
    NB
    Property type
    Showrooms
    APN
    WHAV M:0050 B:0060 L:0000
    APU
    WHAVM0050B0060L0000

    Description

    This ±11,180 square foot single-tenant medical retail building is situated on a 1.2-acre lot in New Haven County. The property boasts a prime location, zoned NB (Neighborhood Business), permitting offices, medical offices, and retail uses. Conveniently located, it's not in a flood zone and benefits from a bus stop (Route 271) at the corner of Elm and First Streets. Its proximity to I-95 (Exit 43), Yale University, and the University of New Haven ensures high visibility and accessibility. The building features a drive-thru lane with canopy, a backup generator, and two backlit pylon signs for prominent branding. Ample parking is provided with 55 spaces, and convenient curb cuts are located on both Elm and First Streets. The building's HVAC system comprises three RTUs, supplemented by a gas-fired heater in the storage area. Recent improvements include a complete repainting in 2020. The property is adjacent to The Haven waterfront development site, offering significant future development potential. Annual property taxes are $72,745.36. This exceptional property presents a unique opportunity for a medical or retail business seeking a high-profile location with excellent amenities.


    Value Estimations

    based on Realmo’s proprietary methodology
    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,533,000
      Market price range: $683k - $1.53M
      AI Estimate
      $1,325,000
      Market price range: $464k - $1.33M
    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,080,000
      Current use
      RESTAURANT
      $1,620,000
      Change: +50% Conversion: Difficult
      OFFICE BUILDING
      $1,195,000
      Change: +11% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $1,195,000
      Change: +10% Conversion: Moderate
      RETAIL STORES
      $1,180,000
      Change: +9% Conversion: Easy
      AUTO REPAIR, GARAGE
      $1,005,000
      Change: -7% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    West Haven
    County
    New Haven
    State
    Connecticut
    Longitude
    -72.9421
    Latitude
    41.2785
    CBSA code
    35300
    CBSA name
    NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $72,745
    $374,850
    $1,189,230
    $1,564,080
    -
    $0.00
    $0.00
    $0.00
    More about this property
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