Grand Avenue Commercial Building
922 Grand Ave New Haven, CT 06511
922 Grand Ave, New Haven, CT, 06511
$769,000
For Sale
$769,000
Adaptable 4,500 SF commercial building on historic Grand Avenue.
Property Size4,500 SF
Lot Size0.20 Acres
Price / SF$170.89
Days on Market130
Property Features for 922 Grand Ave
General Information
- Standard status
- Active
- Size
- 4,500 SF
- Lot size
- 0.20 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1963
Listing Agency
Dalvis Realty
(203) 872-2188
Listed by
Dallas A. Davis · License #REB.0795689
(203) 872-2188
Source
Elliman
Added: Mar 12 Checked: Jul 17 at 7:46 am
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 Dalvis Realty
Investment Insights
Based on property information with market context.
Located on historic Grand Avenue, this 4,500-square-foot masonry building, constructed in 1963, represents post-industrial commercial architecture. Built of concrete, cinder block, and brick, it features a flat rubber roof and 12-foot wall heights. The property includes a full 4,500-square-foot basement, offering expansion potential. Originally classified for Clubs/Lodges with a modern STORE/SHOP designation, it has served as a gathering place and service hub. The property is suited for reinvention, with potential uses including fitness and wellness programs, a neighborhood brewery, grocery store, performance spaces, coworking studios, nonprofit headquarters, and boutique commercial concepts, subject to city approval. Its construction emphasizes longevity and adaptability.
Key Highlights
- Architecturally significant mid‑century commercial building on historic Grand Avenue.
- Solid 4,500‑square‑foot masonry building with a full 4,500‑square‑foot basement.
- Durable construction: concrete, cinder block, brick, and flat rubber roof.
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 | $97.2k | $21.60 |
| − Vacancy | −$4.4k | −$0.97 |
| EGI | $92.8k | $20.63 |
| − OpEx | −$27.8k | −$6.19 |
| NOI | $65.0k | $14.44 |
4,500 SF · lease $21.60/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$928.3K
$812.2K – $1.08M
NOI $64,978 @ 7.0% cap · market cap 8.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.45M
$1.27M – $1.69M
NOI $101,328 @ 7.0% cap · market cap 13.18%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
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FAQs
What type of property is this?
Storefront property - Adaptable 4,500 SF commercial building on historic Grand Avenue.
Where is this storefront property located?
The property is located at 922 Grand Ave New Haven, CT.
What is the asking price?
The asking price for this property is $769,000.
What are key features of this property?
This property features: Architecturally significant mid‑century commercial building on historic Grand Avenue.; Solid 4,500‑square‑foot masonry building with a full 4,500‑square‑foot basement.; Durable construction: concrete, cinder block, brick, and flat rubber roof.
