3 Kimberly AveNew Haven, CT 06519

Property Details for 3 Kimberly Ave

Year built

1967

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.03 AC

Property size (Sq ft)

1,164 SF

Zone code

BA

Property type

Other commercial real estate

Property subtype

Showrooms

APN

NHVN M:266 B:0028 L:00700

APU

NHVNM266B0028L00700

Description

This exceptional 0.03-acre property at 3 Kimberly Ave, located in the Naugatuck Valley's revitalized Hill section, presents a turnkey opportunity for a dentist. The single-tenant building features a fully equipped dental office encompassing three well-appointed exam rooms, a comfortable reception area designed to welcome patients, a dedicated office space for administrative tasks, a sterilization room adhering to the highest hygiene standards, and a convenient break/kitchenette area for staff. The building's prime location in Kimberly Square ensures excellent visibility and benefits from high foot traffic, maximizing exposure to potential patients within the thriving residential community. This is a rare opportunity to acquire an established dental practice with existing infrastructure and the potential for collaboration. The current landlord is open to remaining on-site, offering clinical support and mentorship to a new tenant, providing invaluable continuity and expertise. The property is offered as a single-tenant building, ideal for a solo practitioner or a small dental group seeking a well-established and convenient location. The property's size, at 0.03 acres, is perfectly suited to the existing building and its operational needs. This is a unique chance to acquire a thriving dental practice with a supportive and experienced landlord.

• CAP approach

  CAP return

  Valuation

  6%

  $282,893

  6.5%

  $261,132

  7%

  $242,479

• Comparable approach

  Method

  Valuation

  Relative Method

  $383,262

  Geo Method

  $383,262

• Alternative Use

  Use

  Valuation

  Residential

  $220,274

  Hospitality

  $201,770

  Educational

  $167,870

  Medical

  $173,644

  Retail

  $261,132

Location Insight

City

New Haven

County

New Haven

State

Connecticut

Latitude

41.292

Longitude

-72.9331

CBSA code

35300

CBSA name

NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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