556 Washington AveNorth Haven, CT 06473

Property Details for 556 Washington Ave

Year built

1989

Construction

FRAME

Lot size

1.03 AC

Property size (Sq ft)

15,712 SF

Zone code

CB40

Property type

Office buildings

APN

NRHV M:095 L:038

APU

NRHVM095L038

Description

This exceptional two-story, 15,712 square foot office building is situated on a 1.03-acre lot at 556 Washington Avenue in North Haven, Connecticut, zip code 06473. Built in 1989, this Class B, multi-tenant property boasts a modern design and is ideally located for convenient access to I-91 and the Parkway. The building features an elevator, ample on-site parking, and professionally landscaped grounds. It's zoned CB-40 and is ADA compliant. Currently housing two tenants, this property offers a strong investment opportunity with an asking price of $2,700,000 ($171.84 per square foot). Annual real estate taxes are $32,729. The masonry construction ensures durability and longevity. This well-maintained property presents a compelling opportunity for investors seeking a stable, multi-tenant income stream in a desirable location. The property's size and features make it suitable for a variety of uses within the permitted zoning.

• CAP approach

  CAP return

  Valuation

  6%

  $2,597,663

  6.5%

  $2,397,843

  7%

  $2,226,568

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,052,930

  Geo Method

  $2,052,930

• Alternative Use

  Use

  Valuation

  Residential

  $2,973,325

  Hospitality

  $2,723,550

  Educational

  $2,265,961

  Medical

  $2,343,891

  Retail

  $3,524,829

Location Insight

City

North Haven

County

New Haven

State

Connecticut

Latitude

41.4186

Longitude

-72.8396

CBSA code

35300

CBSA name

NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].