519 Laurel StEast Haven, CT 06512

Property Details for 519 Laurel St

Lot size

21.24 AC

Zone code

LI-3

Property type

Investment properties

Property subtype

Live-work space

APN

EHAV M:330 B:4219 L:001

APU

EHAVM330B4219L001

Description

This exceptional property offers a significant opportunity for businesses seeking ample outdoor storage or logistic parking space. The site encompasses 10+ acres of raw land, ideal for accommodating tractor-trailers, semi-trucks, and storage containers. A substantial, pre-existing stone parking lot provides a secure, level, and dry area for immediate use. The lot's size is flexible, ranging from 43,560 square feet to a substantial 435,600 square feet, catering to various operational needs. Conveniently located with easy access to major highways 95 and 91, this location ensures efficient transportation and logistics. The property is zoned LI-3, suitable for industrial and commercial uses. This single-tenant property offers a cost-effective solution for businesses requiring extensive outdoor storage. Rental rates are competitive, starting at $1000 per month for the larger land parcels. Additionally, individual spots are available for RV, boat, or storage container parking, starting at $200 per month per spot. This versatile property presents a compelling investment opportunity for businesses seeking a strategic location and ample space for their operational requirements. The property is located near Laurel St. Don't miss this chance to secure a prime location for your business's storage and logistical needs.

• CAP approach

  CAP return

  Valuation

  6%

  $152,965,504

  6.5%

  $141,198,928

  7%

  $131,113,296

• Comparable approach

  Method

  Valuation

  Relative Method

  $120,888,464

  Geo Method

  $120,888,464

• Alternative Use

  Use

  Valuation

  Residential

  $175,086,672

  Hospitality

  $160,378,448

  Educational

  $133,432,992

  Medical

  $138,021,952

  Retail

  $207,562,432

Location Insight

City

East Haven

County

New Haven

State

Connecticut

Latitude

41.2999

Longitude

-72.864

CBSA code

35300

CBSA name

NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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