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


Property

Website:https://www.nestseekers.com/5439890
Address:
444 Foxon
East Haven, CT 06513
Ownership: Commercial
Type: Commercial
Bathrooms: 12
Area: 20971 sq ft

Financials

Price:$2,495,000
Annual Taxes:$59,503

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

Contact

Nest Seekers International at The J House Greenwich, 1114 E Putnam Ave, Riverside, CT 06878
Listing Courtesy of John Hill of Seabury Hill REALTORS