181 Clifton StNew Haven, CT 06513

Property Details for 181 Clifton St

Year built

1958

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.80 AC

Property size (Sq ft)

34,382 SF

Zone code

RM1

Property type

Showrooms

APN

NHVN M:096 B:1024 L:00400

APU

NHVNM096B1024L00400

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $8,356,026

  6.5%

  $7,713,255

  7%

  $7,162,308

• Comparable approach

  Method

  Valuation

  Relative Method

  $11,320,727

  Geo Method

  $11,320,727

• Alternative Use

  Use

  Valuation

  Residential

  $6,506,419

  Hospitality

  $5,959,845

  Educational

  $4,958,521

  Medical

  $5,129,052

  Retail

  $7,713,255

Location Insight

City

New Haven

County

New Haven

State

Connecticut

Latitude

41.3089

Longitude

-72.8788

CBSA code

35300

CBSA name

NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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