444 Foxon
East Haven, CT 06513

Property

Ownership: Commercial
Type: Commercial
Bathrooms: 12
Area: 20971 sq ft

Financials

Price:$2,495,000
Annual Taxes:$59,503
Nest Seekers International at The J House Greenwich, 1114 E Putnam Ave, Riverside, CT 06878
Listing Courtesy of John Hill of Seabury Hill REALTORS

Incredible Investment opportunity to own three buildings on one large 2.

Description

Incredible Investment opportunity to own three buildings on one large 2.16 acre lot on Route 80 in East Haven with a huge upside potential. The first building consist of a 16,570 SQ FT office building with 3 excellent long term tenants and one 1000 SQ FT office space currently vacant. The rents for the building are currently $7000 (leased until 2026), $3181 (leased until 2028) and $1800 (Month to month). The second building is located at 430 Foxon RD which is a free standing building with 1950 SQ FT leased for $4191 per month until 2027 to a bank with a long term NNN lease (Paying 37% of the taxes on the property). The bank has a second three year option until 2030 at $4,400 and is currently in negotiation to resign for an additional 10 years. The third building is a 2424 SQ FT single family house with 5 bedrooms and 1.5 baths currently leased at a very below market rent at $1800 per month. The complex has ample off street parking for ~ 40 cars. This Investment opportunity will not last long!

Amenities

  • Central Air
  • Elementary School -
  • High School -
  • Intermediate School -
  • Lighting
  • Sidewalk

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