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339 Hemingway Ave 9,100 SF 100% Leased Office Building East Haven, CT 06512 $1,250,000 ($137.36/SF) 7% Cap Rate
EXECUTIVE SUMMARY
Multi-tenanted office and medical building with a Wells Fargo retail bank. The property is fully leased and has an oversized private parking lot on 1.49 flat acres. Prime location in downtown East Haven, next to Walgreens and across from Stop & Shop. The 1st floor consists of the Wells Fargo branch with on-site ATM and drive-thru banking, and a medical office space. The 2nd floor has one large office space. All tenant spaces have private restrooms. There is a small lobby/common area in the front entrance to the building. Due to its location and acreage, this property has potential as a development site. It can be sold in conjunction with 260 Amity Road, Woodbridge, CT 06525.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
9,100 SF
Building Class
B
Year Built
1985
Price
$1,250,000
Price Per SF
$137.36
Cap Rate
7%
NOI
$87,500
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
4,550 SF
Slab To Slab
11’
Building FAR
0.21
Lot Size
1.00 AC
Zoning
Commercial
Parking
75 Spaces (8.24 Spaces per 1,000 SF Leased)
AMENITIES
- Banking
- Signage
1 1
Walk Score®
Very Walkable (78)
PROPERTY TAXES
| Parcel Number | EHAV-000210-002518-000001 | Improvements Assessment | $656,110 |
| Land Assessment | $153,300 | Total Assessment | $809,410 |
PROPERTY TAXES
Parcel Number
EHAV-000210-002518-000001
Land Assessment
$153,300
Improvements Assessment
$656,110
Total Assessment
$809,410
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339 Hemingway Ave
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