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59-61 Amity Rd 25,150 SF 100% Leased Retail Building New Haven, CT 06515 $2,950,000 ($117.30/SF) 7.28% Cap Rate
Executive Summary
Heavy Traffic Rd (Amity Road), 4 Retail shops and 11 Offices, Goodwill Store, 13 Spaces are leased and 2 small Office Spaces are Vacant, 25150 sf, Newer Heating/Central Air Systems, Roof is still under Warranty, Plenty of Parking Spaces, Cross Street of A1 Toyota Dealer, Close to RT 15 (0.2 miles), Sales Price of $2.95 Million with 7.28% Return Rate,
Property Facts Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
25,150 SF
Building Class
C
Year Built
1947
Price
$2,950,000
Price Per SF
$117.30
Cap Rate
7.28%
NOI
$214,760
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.68
Lot Size
0.85 AC
Zoning
BA
Parking
55 Spaces (2.19 Spaces per 1,000 SF Leased)
Frontage
124’ on Whalley Avenue
Amenities
- Pylon Sign
- Signage
Walk Score®
Very Walkable (75)
Nearby Major Retailers
Property Taxes
| Parcel Number | NHVN-000429-001173-000600 | Improvements Assessment | $1,204,140 |
| Land Assessment | $284,760 | Total Assessment | $1,488,900 |
Property Taxes
Parcel Number
NHVN-000429-001173-000600
Land Assessment
$284,760
Improvements Assessment
$1,204,140
Total Assessment
$1,488,900
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59-61 Amity Rd
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