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Property profile & analytics
OFF-MARKET Estimated value $1,420,000
Showrooms

70 Elm St West Haven, CT 06516-3810

11,084 SF 1.19 ac lot Built 1998
Entity Owned 1-yr Hold Free & Clear
Property ID
US15-0213171
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1998
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 11,084 SF
Lot 1.19 ac (51,836 SF)
Zoning code NB
APN WHAV M:0050 B:0060 L:0000
UPID US15-0213171
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
  • 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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.53M
Blend (final) Blend
$1.42M
Owner & transaction history
70 Elm Rlty LLC · 1 yrs held
70 Elm Rlty LLC
since 2025
2 recorded transactions
2025
Price N/A
2007
$2.7M
Zoning & alternative use
NB · West Haven, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $1.6M +49.9%
Office building $1.2M +10.7%
Apartment house (5+ units) $1.2M +10.5%
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