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215 Grand Ave
New Haven, CT 06513

$2,500,000 USD

Bank For Sale  •  12,292 SF

Property Details

  • Property Type Bank
  • Total Building Size 12,292 SF
  • Lot Size 0.46 AC
  • Building Class C
  • Year Built 1915
  • Cap Rate 5.00 %
  • Tenancy Single
  • Zoning B
46 Transit Score
87 Walk Score

Description

The Grand Brick building is set on a corner lot in the Fairhaven neighborhood of  New Haven.  There is plenty of pedestrian traffic and its proximity to the highway leads itself to great vehicular traffic. There is a private parking lot behind the property with plenty of on street parking nearby.   There is also a drive through.  Public transportation, schools, shopping, churches, parks, playgrounds, library, and community facilities are all within easy reach of the subject property.  The area is serviced by U.S. Highway 6 and Interstate 91.  The area features beautiful parks and Quinnipac River.  This Santandar branch is a great building in a high visibility location.

Financial Summary (Actual)

Net Operating Income: $125,000 USD (2018)
Cap Rate: 5.00 %

Major Tenants

Tenant SF Occupied Lease End Date
Santander 12,292 SF 6/30/2020

Amenities

  • Banking
  • Corner Lot
  • Signage
  • Signalized Intersection
  • Tenant Controlled HVAC
  • Air Conditioning

Public Transportation

Commuter RailDriveWalkDistance
New Haven-State Street Station (New Haven Line - Shore Line East, Shore Line East - Shore Line East) 3 min - 1.6 mi
New Haven-Union Station (New Haven Line - Shore Line East, Shore Line East - Shore Line East) 4 min - 2.2 mi
AirportDriveWalkDistance
Tweed/New Haven 9 min - 4.1 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 10
Type: Surface
Included in Rent: Yes
John Bulman 781-254-2202 Brad Hutchinson Real Estate
John Bulman 781-254-2202 Brad Hutchinson Real Estate