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Mixed-Use Property with Ground-Floor Retail
For Lease
$625,000 SF/Yr

1362 State St, New Haven, CT 06511

Ground-level retail space with two residential apartments above, plus on-site parking and strong visibility on a busy state road.

Days on Market16

Property Features for 1362 State St

General Information

Standard status Active

Site & Location

Highway Access Yes
Road Access Yes

Additional Details

Space Use Retail

Building Details

Stories 3
Listing Agency: Coldwell Banker Realty
Listed By: Nick J. Mastrangelo
Source: Exprealty
Added: Jul 15 Changed: Jul 30 Last Checked: Jul 30 at 8:16AM

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 Coldwell Banker Realty

Investment Insights

Based on property information with market context.

This mixed-use property combines approximately 1,401 square feet of ground-level retail space with an attached 900-square-foot storage area. The second and third floors are improved as two residential apartments, each offering three bedrooms and one full bathroom. Both units include in-unit washer and dryer and are currently rented on month-to-month leases.

The property is located at 1362 State St, New Haven, CT, with generous on-site parking to support retail and residential tenants. It also benefits from visibility on a well-traveled state road with an average daily traffic count of approximately 17,500 vehicles. Interstate 91 is just minutes away, and downtown New Haven is accessible by car.

For investors or an owner-user, the layout provides two levels of income-producing space—retail at street level with storage attached, and residential apartments above—within a single mixed-use asset.

Key Highlights

  • Approximately 1,401 SF ground‑level retail space
  • Attached 900 SF storage area
  • Two residential apartments on the second and third floors

Property Analytics

Current Use

Gallo's Appliance Home Appliance Store

Suggested Use

Top Pick Real Estate Agency HVAC Service Computer & Electronic Repair Dental Office Cafe & Coffee Shop Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access
Yes
Paved road access
NNN (Triple Net)
Lease Type
$93,750.00 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

875
Businesses Nearby

Demographics for 06511, CT

55,879
Population
24,579
Households
2.3
Avg Household Size
29
Median Age
48%
College-Educated
91%
High-School Grad
5.8 sq mi
ZIP Area
9,634
Density / Sq Mi
$56,300
Median Household Income
$34,409
Median Earnings
$1,534
Median Rent
$313,400
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Ground-level retail space with two residential apartments above, plus on-site parking and strong visibility on a busy state road.
Where is this mixed-use property located?
The property is located at 1362 State St New Haven, CT.
What is the lease rate?
The lease rate is $625,000.
What are key features of this property?
This property features: Approximately 1,401 SF ground‑level retail space; Attached 900 SF storage area; Two residential apartments on the second and third floors
More about this property
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