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339 Hemingway Ave 9,100 SF 100% Leased Office Building East Haven, CT 06512 $1,200,000 ($131.87/SF) 7% Cap Rate
Executive Summary
Upcoming vacancy for medical/office space on 1st floor of 2,818 starting June 1,2026. The space is being marketed for lease or property can be sold as-is. Multi-tenanted office and medical building with a Wells Fargo retail bank. The property has an oversized private parking lot on 1.49 flat acres. Prime location in downtown East Haven across from the Stop & Shop shopping plaza. 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.
Property Facts Under Contract
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
9,100 SF
Building Class
B
Year Built
1985
Price
$1,200,000
Price Per SF
$131.87
Cap Rate
7%
NOI
$84,000
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
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
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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Contact the Sale Advisor
339 Hemingway Ave