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MAIN RETAIL AREA FOR NEW HAVEN, CT

Listing was updated at: 06/03/2019
MAIN RETAIL AREA FOR NEW HAVEN, CT

Property Overview

Price/Rent PSF Inquire
Asset Type Retail
Trade Type Sale
SQ. FT. Available 128,747
Date Available 05/22/2019
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Description

Location
The property is located 3.5 miles southwest of New Haven, CT area, which is approximately 70 miles northeast of Manhattan New York City. The area along Boston Post Rd. (Route 1) where the property is located includes big-box retailers such as Target, Kohl's, Best Buy, Harbor Freight Tools and Burlington. The average household income in a 3-mile radius is $77,626 which has increased by 21.3% since 2010. Once highly dependent on manufacturing, roughly half of the local economy today is made up of education and health care services, in particular. Yale University is the area's largest employer (4 miles northeast of the property), followed by Yale-New Haven Hospital. Other large employers in the area include Southern Connecticut State University, Assa Abloy, the Knights of Columbus headquarters, Hubbell, Higher One, Alexion Pharmaceuticals, Covidien and United Illuminating.

In cooperation with Nick Mortzio, Licensed Connecticut Broker# RED 075146, Colliers International.

Sale
SEALED BID DEADLINE: May 16, 2019

ON-SITE INSPECTIONS: April 18 & May 2 | 11:00am - 1:00pm

The property is a freestanding retail building built in 1998. It is easily demisable with two entrances on the northwest facade facing the surface parking. On the southwest side of the property is the garden center, which is partially covered by a temporary metal roof. The property has facade signage visible from Boston Post Road to traffic traveling in both directions. There is one access point to the site off of Boston Post Road, and two small access points from the neighboring centers. There are three loading docks on the rear of the building, as well as a fenced staging area for product.

Location

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