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33799728
33799723

385 Main Street, West Haven, CT 06516

Alpha Capital Realty
Listed by Alpha Capital Realty
$925,000
9 days on market
Updated 6 days ago

385 Main St

Details
Property Type Office
Sub Type Medical Office
Square Footage 10,272
Units 12
Cap Rate 9.00%
NOI $125,000
Occupancy 25%
Tenancy Multi
Lease Type Gross
Pro-Forma NOI $95,496
Class B
Year Built 1963
Year Renovated 2021
Stories 2
Acreage 0.250
Parking Spaces 20 spaces
Parking Per SqFt 1.95
Investment Type Value Add

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

Listing Contacts

Alpha Capital Realty
Listed by Alpha Capital Realty

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$125,000.00
$10,416.67/mo

Valuation Metrics

0
DSCR
13.51%
Cap Rate
13.51%
ROI

Map

Zoning

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CBD CommercialCore CommercialCentral Business District
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Last updated Jun 1, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Tax History

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Additional Information

Name
Justin Sduol
License
RES.0834009
Brokerage
Alpha Capital Realty
Title
Broker of Record
Brokerage Address
2 Enterprise Dr. #204 Shelton, CT 06484
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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