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2 Howe St
New Haven, CT 06511

Yale-New Haven Hospital Mixed-Use Development · Retail Property For Sale

INVESTMENT HIGHLIGHTS

  • Investment Grade Tenant | Passive Ownership
  • Prepaid Ground Lease | Below Estimated Market Rent
  • Adjacent to Yale-New Haven Hospital
  • Ideal 1031 Exchange | Long-Term Trust Planning
  • Very Dense 5-Mile Demographics | Direct Access to I-91 & I-95
  • Rt. West 34 - Current & Planned Redevelopment | Strong Demand for Parking | Planned 130-Room Hotel

PROPERTY FACTS

Property Type
Retail
Property Subtype
Freestanding
Building Size
53,000 SF
Building Class
B
Year Built
2009
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.50
Lot Size
2.41 AC
Zoning
RM2
Parking
970 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
124 FT on Frontage Rd

AMENITIES

  • Corner Lot
  • Signage
  • Signalized Intersection
  • Monument Signage

ABOUT 2 HOWE ST , NEW HAVEN, CT 06511

2 Howe Street is comprised of a 6-story parking structure with 970 parking stalls (307,092 SF), a 24-key hotel (26,395 SF), and a 3-story office building (62,087 SF) with first floor retail. The site primarily serves employees, patients, and guests of Yale-New Haven Hospital, which is within walking distance from the subject property. Yale-New Haven Hospital is the second largest employer (16,635 employees) in New Haven and generated $2.8 billion in revenue for the year 2018. While the site primarily serves Yale-New Haven Hospital, 2 Howe Street is within close proximity to Yale University, the largest employer in New Haven. The Yale School of Medicine is one of the leading centers for biomedical research and advanced clinical care in the world. The Yale School of Medicine is affiliated with Yale-New Haven Hospital with the latter being the primary teaching hospital.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
NHVN-000298-000176-000700
Land Assessment
$0
Improvements Assessment
$48,081,250
Total Assessment
$48,081,250
  • Listing ID: 18267619

  • Date on Market: 1/22/2020

  • Last Updated:

  • Address: 2 Howe St, New Haven, CT 06511

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