686 Quinnipiac AveNew Haven, CT 06513

Property Details for 686 Quinnipiac Ave

Year built

1910

Construction

FRAME

Lot size

0.07 AC

Property size (Sq ft)

2,356 SF

Zone code

RM1

Property type

Showrooms

APN

NHVN M:098 B:1012 L:00600

APU

NHVNM098B1012L00600

Description

This exceptional retail opportunity is located at 686 Quinnipiac Ave, New Haven, CT 06513, situated near the intersection of Front St. The property, built in 1910, is a two-story building with a total of 2,356 square feet. Currently, 1,100 square feet of retail space is available for lease. The property is zoned R4 and features a convenient rear parking lot offering ample off-street parking. Previously used as a convenience store, this versatile space presents a blank canvas for a variety of retail uses, including a potential conversion to a restaurant. The property's proximity to Grand Avenue and Le Grand Vin adds to its appeal. The rear of the building overlooks the Quinnipiac River, providing a unique and attractive setting. The asking rent is $1,500 per month, plus utilities, rubbish removal, and snow removal. The property taxes are $3.61 per square foot. This is an excellent opportunity to acquire a well-located retail space at an attractive price point. The space requires some cosmetic updates, such as paint and flooring, to be fully ready for occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $572,590

  6.5%

  $528,545

  7%

  $490,792

• Comparable approach

  Method

  Valuation

  Relative Method

  $775,744

  Geo Method

  $775,744

• Alternative Use

  Use

  Valuation

  Residential

  $445,847

  Hospitality

  $408,394

  Educational

  $339,779

  Medical

  $351,464

  Retail

  $528,545

Location Insight

City

New Haven

County

New Haven

State

Connecticut

Latitude

41.3087

Longitude

-72.886

CBSA code

35300

CBSA name

NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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