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Mixed-Use Building with Adjacent Lot
For Lease
$1,250,000

1565 Chapel St, New Haven, CT 06511

The property includes apartments, storefront space, and a cleared neighboring parcel, with potential for additional residential conversion subject to approvals.

Space SizeContact for details
Days on Market8

Property Features for 1565 Chapel St

General Information

Standard status Active

Additional Details

Land Use residential, commercial

Taxes and HOA fees

Annual Taxes $11,419
Listing Agency: Coldwell Banker Realty
Listed By: Anthony Annunziato · License #REB.0756384
Source: Exprealty
Added: Sep 28 Changed: Oct 2 Last Checked: Oct 4 at 6:12PM

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.

At 1565 Chapel Street, the mixed-use property contains four residential units above three commercial units. The apartment mix includes one four-bedroom unit, two two-bedroom units, and a studio. Two apartments have been remodeled. A bodega occupies one commercial space, while the owners use the other two; those spaces may be converted to residential use if desired.

The offering also includes a cleared building lot at 65 Norton Street. Development of the parcel is subject to zoning approvals.

Key Highlights

  • Four residential units above three commercial units at 1565 Chapel Street
  • Apartment mix: one 4BR, two 2 bedroom, and one studio
  • Two apartments have been remodeled

Property Analytics

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Current Use

Retail space

Suggested Use

Top Pick Bakery Kitchen & Bath Showroom Acupuncture (Bike/Boat/Book/etc) Store Accounting Firm HVAC Service

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

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,728
Businesses Nearby
41k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 64% Shops & Services 29% Home Improvements & Furnishings 7%
Dunkin' Donuts Dining
11,958 visits/mo 0.5 miles
Mobil Shops & Services
11,405 visits/mo 0.5 miles
Wingstop Dining
6,223 visits/mo 0.5 miles
KFC Dining
6,122 visits/mo 0.5 miles
Sherwin-Williams Paint Store Home Improvements & Furnishings
2,790 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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

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
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Frequently Asked Questions

What type of property is this?
Mixed-use property - The property includes apartments, storefront space, and a cleared neighboring parcel, with potential for additional residential conversion subject to approvals.
Where is this mixed-use property located?
The property is located at 1565 Chapel St New Haven, CT.
What is the lease rate?
The lease rate is $1,250,000.
What are key features of this property?
This property features: Four residential units above three commercial units at 1565 Chapel Street; Apartment mix: one 4BR, two 2 bedroom, and one studio; Two apartments have been remodeled
More about this property
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