For Sale
$11,600,000

91 Shelton AveNew Haven, CT 06511

130,000 SF Medical Office Redevelopment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 130,000 square foot medical office building, situated on a 2.12-acre lot at 91 Shelton Avenue in New Haven, Connecticut (zip code 06511), presents a compelling redevelopment opportunity. Currently configured as a medical office space, the property offers significant potential for repurposing. Its strategic location adjacent to Science Park, a thriving research complex near Yale University's campus, makes it ideally suited for life sciences development. The building's rear entrance provides direct access to Science Park, enhancing its appeal to research-oriented businesses. An adjoining 2.77-acre parcel at 71 Shelton Avenue offers further expansion possibilities for life sciences ventures or complementary uses. The asking price for this substantial property is $11,600,000. Beyond life sciences, alternative uses such as self-storage or cannabis cultivation could also be explored, subject to all necessary approvals and zoning regulations. This property represents a rare chance to acquire a large-scale building in a rapidly growing area with diverse redevelopment potential. The property's size and location offer significant long-term investment value. Serious inquiries are encouraged.

Highlights

  • 130,000 SF building on a 2.12-acre parcel with rear access to Science Park.
  • Adjacent 2.77-acre parcel (71 Shelton Avenue) available for life sciences development.
  • Suitable for life sciences renovation.
  • Prime location adjacent to Science Park, near Yale University; alternative uses include self-storage and cannabis cultivation.
  • $11.6 Million sale price.

Property Details for 91 Shelton Ave

Property type
Office properties, Medical offices
Square Feet
130,000 SF
Lot Size (sq. ft)
92,347 SF

Location Insight

City
New Haven
County
New Haven
State
Connecticut
Latitude
41.3247815
Longitude
-72.9327865
91 Shelton Ave, New Haven, Connecticut

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91 Shelton Ave
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