

385 Main St
This property is owner/user at the moment with one additional tenant in place.
Marketing description
Well-located medical office building situated in the downtown business district of West Haven. The two-story, elevator-serviced property totals approximately 10,272 square feet and is configured with 12 professional suites.
This investment opportunity is well-suited for an owner-user seeking to occupy a significant portion or the entirety of the building for their own business, while still maintaining the ability to generate rental income from additional suites. Alternatively, the property presents a strong opportunity for investors looking to lease individual offices to medical or professional tenants.
The building is currently occupied by the owner's podiatry practice, which utilizes three of the suites, along with one additional tenant, 101 Screening Labs, paying $1,200 per month on a month-to-month lease, providing an initial income stream with future leasing flexibility.
The property features 20 on-site parking spaces and benefits from convenient access to an adjacent municipal parking lot, providing ample parking for tenants and visitors. Recent capital improvements include the replacement of rooftop HVAC units and building windows in 2021, along with the installation of a building security system, enhancing the property's operational efficiency and long-term value.
Investment highlights
- Opportunity to lease-up vacant professional suites
- Potential to increase rents to market medical office levels
- Ideal for an owner-user seeking additional rental income
- Opportunity to reposition the property as a dedicated medical professional center
- Upside potential with projected stabilized value of approximately $1.3M+
- Excellent fit for a business owner looking to occupy and utilize the entire building
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