10 Hemingway Ave - Drug Store FOR SALE


East Haven, CT 06512- Outer East Haven
$2,350,000 USD
775-354-7739
10 Hemingway Ave, East Haven, CT for Sale
$2,350,000 USD
Drug Store - FOR SALE
1/17
null | Request Cap Rate

NEW


10 Hemingway Ave
East Haven, CT 06512
Outer East Haven


HIGHLIGHTS

  • 11,240 SF Retail Building with Drive-thru
  • Former Rite-Aid on 1.28 Acres with 53 Parking Spaces
  • Located at 4-Way Intersection (Route 142) with Traffic Light
  • Current ADT 21,300
  • Close Proximity to Tweed Airport's Proposed New Entrance for potential increased traffic flow!

OVERVIEW

O,R&L Commercial is pleased to present an 11,240 SF Retail building with existing drive-thru (former RiteAid) available for Sale or Lease located at 10 Hemingway Drive in East Haven, CT. The property has the strategic advantage of being located at the 4-way signalized intersection of Short Beach Road (Route 142) and Coe Ave, and is in close proximity to the new proposed entrance to Tweed Airport on Proto Drive. The location boasts an average daily traffic count (ADT) currently of 21,300 vehicles per day and the new entrance to the airport will dramatically increase passenger flow by this asset. With a drive-thru in place, this building is ideal for pharmacy, grocery, bank, medical or other various commercial uses with ample parking including 53 spaces. This property is ideal for investors seeking an opportunity to have a long-term tenant or owner occupiers building brand visibility in a rapidly evolving commercial corridor. Sale Price: $2,350,000 | Lease Rate: $15/SF NNN

FOR SALE DETAILS

PRICE

$2,350,000 USD

PRICE/SF

$210 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Rite Aid

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Freestanding, Medical, Health Club

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

53

LAND DETAILS

LAND ACRES

1.28 AC

LAND SF

55,757 SF

ZONING

CB-2

APN/PARCEL ID

EHAV-000160-001715-000002

ASK ABOUT THIS PROPERTY

Sam CramptonO, R & L CommercialMore Info
775-354-7739

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Sam CramptonO, R & L CommercialMore Info
775-354-7739

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.