For Sale
$2,950,000

59 Amity RdNew Haven, CT 06515

High-Yield, Fully Leased Multi-Tenant Property

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional mixed-use investment opportunity presents a fully leased, 27,960 square foot property located at 59-61 Amity Place in New Haven, Connecticut. The building, constructed in 1947 and situated on a 1.14-acre lot, features a desirable mix of retail and office spaces, currently occupied by fifteen tenants. The property boasts a strong tenant roster, including a Goodwill store, and benefits from its prime location on a high-traffic road, Amity Road, directly across from a major Toyota dealership. Convenient access to Route 15 (0.2 miles) ensures excellent visibility and accessibility. The building is a two-story structure with updated features including newer heating and central air systems, and a roof still under warranty. Ample parking is available for tenants and customers. The asking price is $2,950,000, representing a compelling 7.28% return rate. The property is zoned BA and offers significant potential for long-term growth and income generation. This is a rare opportunity to acquire a stable, high-performing mixed-use asset in a thriving Connecticut market. The property's strong occupancy rate, desirable location, and recent upgrades make it an attractive investment for discerning buyers seeking a reliable and profitable addition to their portfolio.

Highlights

  • Fully leased, 27,960 SF mixed-use building in New Haven, CT.
  • Located on 1.14-acre lot at 59-61 Amity Place, across from a Toyota dealership.
  • Fifteen tenants, including Goodwill, with strong occupancy.
  • Excellent location with high traffic and easy access to Route 15.
  • Two-story building with updated HVAC and roof, ample parking.
  • Asking price: $2,950,000, offering a 7.28% cap rate.

Property Details for 59 Amity Rd

Property type
Mixed-use properties
Square Feet
27,960 SF
Year Built
1947
Stories
2
Lot Size (sq. ft)
49,658 SF

Location Insight

City
New Haven
County
New Haven
State
Connecticut
Latitude
41.3266814
Longitude
-72.9637728
59 Amity Rd, New Haven, Connecticut

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59 Amity Rd
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