Northeast Private Client Group is pleased to present a portfolio of mixed-use properties in the Central Business District of West Haven, CT. This offering is priced on current occupancy and Net Operating Income. The opportunity exists to grow NOI through the conversion of existing vacancy to multifamily units. See details below.
The portfolio consists of three separate tax lots. These three properties create an assemblage that spans the entirety of Campbell Avenue from Center Street to Main Street, and sit at the very heart of the CBD across from City Hall and diagonal to West Haven Green.
270 Center Street is a two-story office property with parking, consisting of four suites and 13,305 rentable square feet. The building is 100% leased.
519 Campbell Avenue is a 21,068 SF mixed-use property with parking. The six ground floor retail units are 100% leased. The upper floors comprise two occupied office suites and 8,485 square feet of vacant space with proposed plans to convert to multifamily units.
567 Campbell Avenue is a 21,671 SF mixed-use property with parking. Of the 11 ground floor retail units, ten are currently leased. The four apartments on the second floor are 100% leased.
The properties share use and access of a large parking lot that spans the rear of the properties. The lot is leased to the City and maintained and insured by the City for use of the tenants and the public. All ground floor retail suites are accessible from the parking lot. Additionally, there is heavy pedestrian and traffic count along Campbell Avenue from the City Hall located across the street.
West Haven, New Haven County, NY