For Sale
$12,000,000

181 Clifton St New Haven, CT 06513

34,382 SF Retail Building, $12M

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional three-story, 34,382-square-foot retail building at 181 Clifton Street in New Haven, Connecticut, presents a unique investment opportunity. Constructed in 1958 and zoned RS2, the property currently operates as a nursing and rehabilitation facility, complete with a full kitchen. The existing business will be relocating to a new facility, creating a potential sale-leaseback opportunity for the buyer until the new facility is completed. This allows for immediate income generation while providing flexibility for future development. The property's substantial size and existing infrastructure make it ideal for a variety of uses, including a non-profit rehabilitation center or adult care facility. The building's significant value is underscored by the estimated three to four times higher cost to construct a comparable facility today. This healthcare-accessible building offers numerous options for redevelopment or continued operation, making it a compelling investment in a desirable Connecticut location. The sale does not include the current business operations. The property is located in New Haven County, Connecticut, with a zip code of 06513.

Highlights

  • $12,000,000 asking price.
  • 34,382 square foot retail building.
  • Three-story building constructed in 1958.
  • Currently operating as a nursing and rehabilitation facility; business not included in sale.
  • Potential sale-leaseback opportunity.
  • Full kitchen included.

Property Details for 181 Clifton St

Property type
Retail properties
Square Feet
34,382 SF
Year Built
1958
Stories
3

Location Insight

City
New Haven
County
New Haven
State
Connecticut
Latitude
41.3091034
Longitude
-72.8786781

FAQs

What type of property is this?
Retail property - 34,382 SF Retail Building, $12M
Where is the retail property located?
The property is located at 181 Clifton St New Haven, CT.
What is the asking price?
The asking price for this property is $12,000,000.
What are key features of this property?
This property features: $12,000,000 asking price.; 34,382 square foot retail building.; Three-story building constructed in 1958.
How can I contact the broker?
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181 Clifton St
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