October 21, 2024 – Bob Horvath, Todd Tremblay and Matt Nadler of Horvath & Tremblay have successfully completed the sale of 405 Washington Avenue, a 2.94-acre parcel in North Haven, Connecticut. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $2,100,000.
The Property is located at 405 Washington Avenue in North Haven, Connecticut and consists of a 2.94-acre (128,000 square foot) parcel of land. 405 Washington Avenue is zoned IL-30 which is established principally for the more widely used commercial areas along major streets and highways. The IL-30 District accommodates a range of commercial uses and building types, including, but not limited to, freestanding retail, retail centers, pharmacies, restaurants and taverns, manufacturing, warehouse, distribution, and storage facilities. The Property is strategically located along US Route 5, central Connecticut’s primary commercial thoroughfare connecting New Haven and Hartford, less than 0.75 miles from Exit 12 on I-91 and 3 miles from the Wilbur Cross Parkway (CT Route 15) in the growing retail trade area surrounding the interchange. The Property is seconds from a new 1.2 million square foot Amazon Fulfillment Center and is convenient to Quinnipiac University. North Haven is a town of 24,100 residents in central Connecticut located 8 miles north of New Haven, and 30 miles South of Hartford.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.