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$695,000
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Property Description
Positioned on a prominent corner lot, this freestanding commercial building is leased to Citizens Bank, a long-term tenant. The property generates approximately $68,000 in gross annual income and it is escalating to $70000 in June 2026, with minimal operating expenses, offering a strong return and reliable cash flow.
Full Property Details
Full Property Details for 430 Forbes Ave
General
- Price: $695,000
- Taxes: (July 2025-June 2026)
- Status: Active
- Type: Commercial
- Source: SMARTMLS
- MLS ID: 24113698
- Updated: 1/2/2026
- Added to Site: 179 day(s) ago
Interior
- Interior Features: Security System
Location
- County: New Haven
- Driving Directions: Corner of Woodward Ave and Forbes Ave
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Hot Air, Natural Gas
- Heating Fuel: Natural Gas
Utilities
- Sewer: Public Sewer Connected
- Water: Public Water Connected
- Utility Description: Electric, Gas
Structural Information
- Roof: Flat
- Square Feet: 2,600
- Sq. Ft. Source: Public Records
- Current Bldg. Use: citizens bank
- Year Built: 1982
Unit Information
- # Tenants: 1
Lot Features
- Lot Size (Acres): 0.35
- Frontage: State Road
- Present Use: citizens bank
- Zoning: BA
- Lot Description: Corner Lot
Financial Considerations
- Assessment Amount: $491,330
- Tax Year: July 2025-June 2026
Disclosures and Reports
- Documents Avail.: Environment Site Assess. (Phase 1)
- Property ID: 1237915
Listed by Calcagni Real Estate, Lawrence Madow
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Schools
Schools serving 430 Forbes Ave
School District:New Haven School District
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 430 Forbes Ave
Date
Details
Price
Change
Source
12/09/2025
Price Reduced
$695,000
-7.32%
MLS
8/07/2025
Price Reduced
$749,900
-81.02%
MLS
7/22/2025
Listed
$3,950,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 430 Forbes Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
$19,358
2%
$491,330
—
2023
$18,916
3%
$491,330
—
2023
$18,277
-6%
$491,330
—
2022
$19,530
1%
$491,330
12%
2021
$19,244
—
$438,550
—
2020
$19,244
2%
$438,550
—
2019
$18,849
—
$438,550
—
2018
$18,849
11%
$438,550
—
2017
$16,963
-3%
$438,550
4%
2016
$17,460
—
$420,210
—
2015
$17,460
—
$420,210
—
2014
$17,460
2%
$420,210
—
2011
$17,145
—
$420,210
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 430 Forbes Ave
430 Forbes Avenue, New Haven, CT 06512 (MLS# 24113698) is a Commercial property. 430 Forbes Avenue is currently listed for $695,000 and was received on July 22, 2025. Want to learn more about 430 Forbes Avenue? Do you have questions about finding other Commercial real estate for sale in New Haven? You can browse all New Haven real estate or contact a Coldwell Banker agent to request more information.

