614-618 Campbell Ave
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614-618 Campbell Ave
20,939 SF 52% Leased Retail Building West Haven, CT 06516 $1,752,000 ($84/SF) 5.25% Cap Rate
Investment Highlights
- Six large apartments with considerable room to increase monthly rents
- Vacant 10,000 square foot rear warehouse with three loading docks for immediate occupancy for new industrial tenant or owner user
- Private, side driveway and back parking lot for tenants
- 100+ feet of frontage on Campbell Avenue featuring stable retail tenants on solid leases
- All units separately metered for utilities
Executive Summary
Baldwin Pearson & Co, Inc. is pleased to present 614-618 Campbell Avenue West Haven, CT 06516 to the market. The expansive commercial property sits on .5 acres and spans approximately 20,900 square feet across two properties. The front property contains six apartments and two ground floor retail spaces, on one of the best retail stretches of Campbell Avenue. The back property features a 10,000 square foot warehouse featuring 12 foot ceilings and three loading docks with a private driveway and back parking lot. This unique property is a perfect addition to an investment real estate portfolio or an opportunity for an owner user to plant their business roots on a great commercial thoroughfare.
Financial Summary (Pro forma - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$246,988
|
$11.80
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$246,988
|
$11.80
|
| Taxes |
$24,478
|
$1.17
|
| Operating Expenses |
$41,199
|
$1.97
|
| Total Expenses |
$65,677
|
$3.14
|
| Net Operating Income |
$181,311
|
$8.66
|
Financial Summary (Pro forma - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $246,988 |
| Annual Per SF | $11.80 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $246,988 |
| Annual Per SF | $11.80 |
| Taxes | |
|---|---|
| Annual | $24,478 |
| Annual Per SF | $1.17 |
| Operating Expenses | |
|---|---|
| Annual | $41,199 |
| Annual Per SF | $1.97 |
| Total Expenses | |
|---|---|
| Annual | $65,677 |
| Annual Per SF | $3.14 |
| Net Operating Income | |
|---|---|
| Annual | $181,311 |
| Annual Per SF | $8.66 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
20,939 SF
Building Class
C
Year Built
1920
Price
$1,752,000
Price Per SF
$84
Cap Rate
5.25%
NOI
$91,980
Percent Leased
52%
Tenancy
Multiple
Building Height
2 Stories
Loading Docks
3 Exterior
Building FAR
0.98
Land Acres
0.49 AC
Zoning
CBD
Parking
20 Spaces (0.96 Spaces per 1,000 SF Leased)
Frontage
145 FT on Campbell Ave
Amenities
- 24 Hour Access
- Bus Line
- Mezzanine
- Restaurant
- Signage
- Storage Space
Walk Score ®
Very Walkable (78)
PROPERTY TAXES
| Parcel Number | WHAV-000043-000025 | Total Assessment | $504,490 |
| Land Assessment | $83,580 | Annual Taxes | $24,478 ($1.17/SF) |
| Improvements Assessment | $420,910 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
WHAV-000043-000025
Land Assessment
$83,580
Improvements Assessment
$420,910
Total Assessment
$504,490
Annual Taxes
$24,478 ($1.17/SF)
Tax Year
2024
-
Robert Shawah -
Baldwin Pearson & Company, Inc.
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614-618 Campbell Ave
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