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Retail Investment Opportunity Near Yale

91 Church Street New Haven, CT 06510

Claim this Listing
For Sale
$595,000

Ground-level retail space in high-traffic area near Yale Campus.

Type:Commercial
Property size:
2,400 SF
Lot size:
0.09 Acres
Price / SF:
$247/SF
Added:
Oct 7, 2025
Days on Market:
279
Last Refresh:
Apr 5 at 9:13 pm

Property Features for 91 Church Street

General Information

Standard status
Active
Size
2,400 SF
Lot size
0.09 Acres
Property subtype
Commercial

Building Details

Year Built
2014

Listing office Press/Cuozzo Realtors

Listing date Oct 7, 2025

Source Corcoran

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Press/Cuozzo Realtors


Investment Insights

Based on property information with market context.

This is a single-tenant NNN investment opportunity situated on the ground level of a building with four luxury loft condominiums above. The property is located in an area experiencing significant growth, with numerous large-scale and mixed-use apartment projects under construction, recently completed, or planned. The location benefits from high foot traffic and is positioned near the New Haven Green, the Yale Campus, and within walking distance of both Wooster Square and the New Haven Railroad Station. The property size is 2400 square feet.

Key Highlights

  • Single tenant NNN investment opportunity
  • Prime high foot traffic location near New Haven Green and Yale Campus
  • Located in an area experiencing explosive growth with large‑scale mixed‑use apartment projects

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $51.8k $21.60
− Vacancy −$2.3k −$0.97
EGI $49.5k $20.63
− OpEx −$14.9k −$6.19
NOI $34.7k $14.44
2,400 SF · lease $21.60/SF/yr · vacancy 4.50% · expense 30.00%

Alternative Uses

Best Use
Retail
$495.1K
$433.2K – $577.6K (±1% cap)
NOI $34,655 @ 7.0% cap · market cap 5.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$772.0K
$675.5K – $900.7K (±1% cap)
NOI $54,041 @ 7.0% cap · market cap 9.08%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Woody's Wings Restaurant

Suggested Use

(Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Veterinary Clinic (Bike/Boat/Book/etc) Store Locksmith Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store Tattoo & Piercing Shop Adult Day Care Clothing & Fashion Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
NNN property - Ground-level retail space in high-traffic area near Yale Campus.
Where is this nnn property located?
The property is located at 91 Church Street New Haven, CT.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Single tenant NNN investment opportunity; Prime high foot traffic location near New Haven Green and Yale Campus; Located in an area experiencing explosive growth with large‑scale mixed‑use apartment projects
Contact an agent
More about this property
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