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Mixed-Use Building with Apartments

1362 State Street, New Haven, CT 06511

For Sale
$575,000

Ground-floor retail space and attached storage sit beneath two leased residential units.

Property Size4,741 SF
Price / SF$121.28
Days on Market119

Property Features for 1362 State Street

General Information

Standard status Active
Size 4,741 SF
Property subtype Commercial
Zoning BA

Site & Location

Neighborhood Fair-Haven
Traffic Count 17,500 vehicles/day
Highway Access Yes
Road Access Yes
Mixed-Use Components retail, residential

Units

Unit Mix 2 x 3BR/1BA
Multifamily Units 2

Additional Details

Tenant in Place Yes

Amenities

in-unit washer and dryer
Loading - Grade
Window Display
Sidewalk
Lighting
Door Sign

Building Details

Building Size 4,741 SF
Year Built 1900
Buildings 1
Stories 3
Units 3
Tenancy Multi
Listing Agency: Coldwell Banker Realty
Listed By: Nick Mastrangelo · License #REB.0756394
Source: Hagelrealty
Added: Jul 14 Changed: Nov 9 Last Checked: Nov 9 at 2:01AM

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

Rey
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Investment Insights

Based on property information with market context.

This three-level mixed-use property combines ground-floor retail with an attached 900-square-foot storage area. The commercial space measures approximately 1,401 square feet. Two apartments occupy the upper floors; each has three bedrooms, one full bathroom, and an in-unit washer and dryer. The building was constructed in 1900 and is zoned BA.

The property is on State Street, with an average daily traffic count of approximately 17,500 vehicles. Interstate 91 is a few minutes away, and downtown New Haven is accessible from the site. On-site parking serves the property.

Both apartments are occupied under month-to-month leases. Their current rents are below market, and the combination of retail and residential space provides separate commercial and apartment components.

Key Highlights

  • Approximately 1,401 square feet of ground‑floor retail space
  • Attached 900‑square‑foot storage area
  • Two apartments, each with 3 bedrooms, 1 full bathroom, and an in‑unit washer and dryer

Property Analytics

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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

2
Residential units
17,500 VPD
Traffic count
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

875
Businesses Nearby
19k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 94% Home Improvements & Furnishings 6%
Exxon Shops & Services
12,426 visits/mo 0.0 miles
7-Eleven Shops & Services
5,682 visits/mo 0.0 miles
LL Flooring Home Improvements & Furnishings
1,153 visits/mo 0.4 miles

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
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Market

Average Price Trend$/SF for Mixed-use properties in New Haven, CT

$326 Jul
$250 Aug
$212 Sep
$192 Oct

Properties on Market for Mixed-use properties in New Haven

Jul
Aug
Sep
Oct

Vacancy Rate% for Retail in New Haven, CT

8.5% 2020
7.6% 2021
6.9% 2022
8.4% 2023
9.2% 2024
9.2% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - Ground-floor retail space and attached storage sit beneath two leased residential units.
Where is this mixed-use property located?
The property is located at 1362 State Street New Haven, CT.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Approximately 1,401 square feet of ground‑floor retail space; Attached 900‑square‑foot storage area; Two apartments, each with 3 bedrooms, 1 full bathroom, and an in‑unit washer and dryer
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