Prime Development Site | 855 Boston Post Rd
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Prime Development Site 855 Boston Post Rd
60,375 SF Industrial Building West Haven, CT 06516 £6,667,485 (£110/SF)
Virtual Tour
Investment Highlights
- 855 Boston Post Road is ideally located on 11.50 acres, providing prime development and repurposing opportunities with superb visibility and access.
- Benefit from strong area demographics, a growing surrounding population, and proximity to New Haven, the University of New Haven, and Yale.
- 855 Boston Post Road has approvals for a 150-unit residential community and is also suited for retail development due to prime Route 1 frontage.
- Investors and developers can use the site for continued industrial purposes and expand or repurpose it with flexible RB (Regional Business) zoning.
- Ideal for manufacturing, warehousing, or other uses.
Executive Summary
855 Boston Post Road presents a prime development and repurposing opportunity in West Haven, Connecticut. Situated on an expansive 11.50 acres along a major commercial corridor, this exceptional property offers incredible exposure and frontage to approximately 20,700 passing vehicles per day. Plus, flexible RB (Regional Business) zoning allows for further industrial development or gives investors and developers the potential to expand or repurpose the site.
Current approvals for the generous parking area and two outparcels include a residential development for 150 market-rate apartments with phase II potential that could bring up to 150 additional units to the site. Other possible uses include retail, quick-service restaurants, and more, capitalizing on excellent Boston Post Road exposure.
Perfect for manufacturing, warehousing, or other industrial uses, an existing 60,375-square-foot industrial facility is on the site and available for use. A current tenant is in place who will either vacate or transition to a month-to-month lease in mid-Q4 2024. The property conveniently has an additional Farwell Street entrance and can be converted to a self-storage facility if new ownership desires.
855 Boston Post Road is neighbored by Target, Kohl's, Harbor Freight Tools, the Orange Hill Country Club, and numerous retail and dining options along Route 1. The property benefits from strong area demographics, including proximity to the University of New Haven and Yale. Close Interstate 95 connectivity provides convenient access to nearby locales like Downtown New Haven and Milford. Whether looking to expand an industrial footprint as an owner/user or explore a mixed-use commercial development as an investor, 855 Boston Post Road presents a versatile and valuable opportunity.
Current approvals for the generous parking area and two outparcels include a residential development for 150 market-rate apartments with phase II potential that could bring up to 150 additional units to the site. Other possible uses include retail, quick-service restaurants, and more, capitalizing on excellent Boston Post Road exposure.
Perfect for manufacturing, warehousing, or other industrial uses, an existing 60,375-square-foot industrial facility is on the site and available for use. A current tenant is in place who will either vacate or transition to a month-to-month lease in mid-Q4 2024. The property conveniently has an additional Farwell Street entrance and can be converted to a self-storage facility if new ownership desires.
855 Boston Post Road is neighbored by Target, Kohl's, Harbor Freight Tools, the Orange Hill Country Club, and numerous retail and dining options along Route 1. The property benefits from strong area demographics, including proximity to the University of New Haven and Yale. Close Interstate 95 connectivity provides convenient access to nearby locales like Downtown New Haven and Milford. Whether looking to expand an industrial footprint as an owner/user or explore a mixed-use commercial development as an investor, 855 Boston Post Road presents a versatile and valuable opportunity.
Sale Flyer
Property Facts
| Price | £6,667,485 | Lot Size | 11.50 AC |
| Price Per SF | £110 | Rentable Building Area | 60,375 SF |
| Sale Type | Investment or Owner User | Number of Floors | 1 |
| Sale Conditions | Development Sale | Year Built | 1960 |
| Property Type | Industrial | Level Access Doors | 2 |
| Property Subtype | Warehouse | Opportunity Zone |
Yes
|
| Building Class | C |
| Price | £6,667,485 |
| Price Per SF | £110 |
| Sale Type | Investment or Owner User |
| Sale Conditions | Development Sale |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 11.50 AC |
| Rentable Building Area | 60,375 SF |
| Number of Floors | 1 |
| Year Built | 1960 |
| Level Access Doors | 2 |
| Opportunity Zone |
Yes |
Amenities
- Yard
DEMOGRAPHICS
Regional Accessibility
CITY
POPULATION
MILES
DRIVE TIME
New York
8,398,748
70
1 h 42 m
Boston
694,583
138
2 h 53 m
Philadelphia
1,584,138
166
3 h 33 m
Baltimore
602,495
264
5 h 28 m
Washington
702,455
299
6 h 15 m
Raleigh
469,298
557
11 h 25 m
ACCESS AND LABOR FORCE
10 MILES
Total Population
500,659
Total Labor Force
272,688
Unemployment Rate
4.01%
Median Household Income
$76,825
Warehouse Employees
38,389
High School Education Or Higher
92.20%
$ values in USD
Nearby Amenities
Restaurants |
|||
|---|---|---|---|
| Dunkin' | Cafe | - | 7 min walk |
| Domino’s | - | - | 10 min walk |
| Wendy's | - | - | 15 min walk |
| McDonald's | - | - | 19 min walk |
| Starbucks | Cafe | £ | 19 min walk |
Retail |
||
|---|---|---|
| Dollar General # 13829 | Dollar/Variety/Thrift | 7 min walk |
| United States Postal Service | Business/Copy/Postal Services | 8 min walk |
| Best Buy | Consumer Electronics | 19 min walk |
| Target | Dept Store | 19 min walk |
| PetSmart, Inc. | Pet Shop/Supplies | 19 min walk |
| Walgreens | Drug Store | 18 min walk |
Hotels |
|
|---|---|
| Best Western |
101 rooms
6 min drive
|
| Hampton by Hilton |
98 rooms
5 min drive
|
| Cambria Hotels |
130 rooms
7 min drive
|
| Courtyard |
207 rooms
8 min drive
|
| Omni |
306 rooms
9 min drive
|
| Hampton by Hilton |
148 rooms
14 min drive
|
PROPERTY TAXES
| Parcel Number | WHAV-000052-000176 | Improvements Assessment | £531,571 |
| Land Assessment | £602,129 | Total Assessment | £1,133,700 |
PROPERTY TAXES
Parcel Number
WHAV-000052-000176
Land Assessment
£602,129
Improvements Assessment
£531,571
Total Assessment
£1,133,700
zoning
| Zoning Code | RB (Regional Business) |
| RB (Regional Business) |
Sale Advisors
Sale Advisors
Richard Ballou, Broker/Real Estate Professional
(203) 787-7800
Contact
Ballou joined Houlihan Lawrence Wareck D'Ostilio as an agent in late 2021 and is based out of the Milford office while covering listings all over the state.
Ballou a Woodbridge native started his career at the national commercial broker Marcus and Millichap out of Los Angeles, California. His efforts garnered him "Salesperson of The Month" twice within his first year, listing $20,000,000.00 worth of properties within his first month and does not include the other properties he was able to represent his own buyers on as well.
In 2022 Ballou was selected by New Haven Biz Publication Power 25, recognized the region's most influential real estate leaders.
Ballou a Woodbridge native started his career at the national commercial broker Marcus and Millichap out of Los Angeles, California. His efforts garnered him "Salesperson of The Month" twice within his first year, listing $20,000,000.00 worth of properties within his first month and does not include the other properties he was able to represent his own buyers on as well.
In 2022 Ballou was selected by New Haven Biz Publication Power 25, recognized the region's most influential real estate leaders.
Frank D'Ostilio, Vice President and Sales Manager
(203) 787-7800
Contact
I'm an expert real estate agent with Houlihan Lawrence WD in Milford, CT and the nearby area, providing home-buyers and sellers with professional, responsive and attentive real estate services. Want an agent who'll really listen to what you want in a home? Need an agent who knows how to effectively market your home so it sells? Give me a call! I'm eager to help and would love to talk to you.
-
Richard Ballou -
Frank D'Ostilio -
Houlihan Lawrence Wareck D'Ostilio
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