17 Wagner Place
West Haven, Connecticut

Description:

INVESTOR AND DEVELOPER ALERT: This is a prime, high-potential Transit-Oriented Development (TOD) Zone mixed-use opportunity in a central, busy downtown West Haven corridor, priced at $849,900. This asset offers a spectacular 10.70 Cap Return based on the utilization of vertical expansion rights for the addition of 4+ residential units above the existing 3,000 SF of retail space. The property features a critical combination of a flat roof, easy access, and 12 dedicated parking spots, making the mixed-use expansion highly feasible and financeable. The current below-market rents are irrelevant, as the building will be delivered empty at closing for immediate repositioning and development. The purchase price is well below replacement cost for this type of TOD-zoned asset. The full development analysis, including the detailed Pro Forma breakdown and Net Operating Income (NOI) of $90,972, is located in the ATTACHED PDF DOCUMENT-review this document immediately. Serious, qualified investors should not miss this low-inventory, high-potential TOD asset; all proposals must be sent directly to the agent's professional electronic mail address in PDF form only. Get in touch with the agent through this platform's messaging system to schedule a confidential site visit. Priced at $849,900.

Listing Courtesy of RE/MAX One