24 Washington AveNorth Haven, CT 06473

Property Details for 24 Washington Ave

Year built

1989

Construction

FRAME

Lot size

0.82 AC

Property size (Sq ft)

8,129 SF

Zone code

LC12

Property type

Retail properties

Property subtype

Banks

APN

NRHV M:067 L:189

APU

NRHVM067L189

Description

This 2,088 square foot office space, located at 24 Washington Avenue in North Haven, Connecticut, is part of an 8,129 square foot, two-story Class C building constructed in 1989 and renovated in 1995. The suite offers a flexible layout ideal for professional or medical practices, featuring 5-6 private offices, a conference room, a large meeting/workspace area, and a private bathroom. The space is currently vacant and available for lease starting November 1, 2024. The building boasts 34 total parking spaces and is conveniently situated on the Washington Avenue corridor, providing easy access to I-91 and Route 15, near the intersection of Routes 5 and 22. The building is multi-tenant, with existing tenants including a medical practice and a retail office. This second-floor suite is accessible via a wide stairwell

• CAP approach

  CAP return

  Valuation

  6%

  $1,975,631

  6.5%

  $1,823,659

  7%

  $1,693,398

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,676,580

  Geo Method

  $2,676,580

• Alternative Use

  Use

  Valuation

  Residential

  $1,538,325

  Hospitality

  $1,409,097

  Educational

  $1,172,352

  Medical

  $1,212,671

  Retail

  $1,823,659

Location Insight

City

North Haven

County

New Haven

State

Connecticut

Latitude

41.3896

Longitude

-72.8596

CBSA code

35300

CBSA name

NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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