2 Atwood PlWest Haven, CT 06516

Property Details for 2 Atwood Pl

Year built

1960

Construction

FRAME

Lot size

0.36 AC

Property size (Sq ft)

12,000 SF

Zone code

RCPD

Property type

Showrooms

APN

WHAV M:0065 B:0453 L:0000

APU

WHAVM0065B0453L0000

Description

This exceptional 12,000-square-foot warehouse presents a rare investment opportunity in West Haven, Connecticut. Located at 2 Atwood Place, this single-story, 1960-built structure sits on a 0.36-acre lot and is zoned MDL-96 - RCPD. The building boasts high-bay, clear-span design, ideal for various industrial uses. Currently undergoing improvements, the property will feature brand new siding and updated warehouse lighting upon completion. Access is convenient, with immediate proximity to Boston Post Road (Route 1), the University of New Haven, downtown New Haven, and I-95. The property includes one dock-high door for efficient loading and unloading. Additional parking is conveniently located across the street in a dedicated lot. The asking price is $895,000, translating to $74.58 per square foot. This represents a strong value proposition for investors seeking a well-situated, functional warehouse space in a thriving Connecticut market. The property's strategic location and upcoming renovations make it an attractive option for businesses seeking a modern and efficient workspace.

• CAP approach

  CAP return

  Valuation

  6%

  $2,916,419

  6.5%

  $2,692,079

  7%

  $2,499,788

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,951,158

  Geo Method

  $3,951,158

• Alternative Use

  Use

  Valuation

  Residential

  $2,270,869

  Hospitality

  $2,080,104

  Educational

  $1,730,622

  Medical

  $1,790,141

  Retail

  $2,692,079

Location Insight

City

West Haven

County

New Haven

State

Connecticut

Latitude

41.2943

Longitude

-72.9581

CBSA code

35300

CBSA name

NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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