• NEW TO MARKET

430 Forbes Avenue

New Haven, CT 06512

  • $3,950,000
  • 2,600 Sqft
  • 0.35 Acres
  • 1982 Built
  • $1,519 Price/Sqft

Positioned on a prominent corner lot, this freestanding commercial building is leased to Citizens Bank, a long-term tenant. The property generates approximately $65, 000 in gross annual income with minimal operating expenses, offering a strong return and reliable cash flow. This asset is being sold as part of a two-property investment portfolio, which also includes 70 Washington Avenue, North Haven (MLS #24113655). The portfolio is being offered as a single transaction; the listed price reflects the total for both properties. This is a rare opportunity to acquire a fully leased, income-producing portfolio with established tenants and strong locations.

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Property Highlights
  • DAYS ON MARKET : 3
  • MLS : 24113698

Additional Information

ADDITIONAL INFORMATION
  • ACRES: 0.35
  • AREA TYPE: Urban
  • GROSS EXPENSES: 64600
  • GROSS INCOME: 365203
  • IS OCCUPIED?: Tenant
  • LIVING AREA SQFT: 2,600
  • PRESENT USE: citizens bank
  • PROPERTY TAX: $19,358
  • ROAD FRONTAGE DESCRIPTION: State Road
  • SEWER: Public Sewer Connected
  • TAX AMOUNT: $19,358
  • UNIT COUNT: 1
  • UTILITIES AVAILABLE: Electric, Gas
  • YEAR BUILT: 1982
  • ZONING: BA
AMENITIES
INTERIOR FEATURES
  • AIR CONDITIONING: Central Air
  • COOLING: Central Air
  • FURNACE TYPE: Natural Gas
  • HEAT: Natural Gas
  • HEAT FUEL: Natural Gas
  • LIVING SQFT SOURCE: Public Records
EXTERIOR FEATURES
  • ROOF: Flat

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Location for 430 Forbes Avenue, New Haven, CT

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New Haven

Shoreline, Connecticut

New Haven, Connecticut’s second largest city, is rich in cultural, commercial and educational resources. The city is home to one of the nation’s leading schools, Yale University, and a host of cultural...

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  • William Pitt Sotheby's International Realty

Listing Courtesy of Lawrence Madow of Calcagni Real Estate (203.265.1821).