Historic Mixed-Use
For Sale
Contact for pricing
433 Chapel St 56 Wallace Street and 64 Wallace Street New, New Haven, CT 06511
Six-story historic property with IL zoning and redevelopment potential for apartment conversion under applicable building codes.
Property Size9,380 SF
Days on Market194
Property Features for 433 Chapel St 56 Wallace Street and 64 Wallace Street New
General Information
Standard status
Active
Size
9,380 SF
Property subtype
Commercial Land Development
Zoning
IL
Property Condition
Severity
Repairs Needed
Evidence
The condition of the improvements is rated fair.
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Office Units
1
Building Details
Building Size
9,380 SF
Year Built
1870
Buildings
1
Stories
6
Listing Agency:
Scalzo Commercial & New Development
(203) 695-1003
Listed By:
Paul Scalzo
(203) 695-1003
Source:
Thebrokerlist
Added: Feb 18
Changed: Aug 31
Last Checked: Aug 31 at 12:19AM
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 Scalzo Commercial & New Development
Investment Insights
Based on property information with market context.
This six-story industrial/commercial building contains 32,000 gross building square feet, including 9,380 gross square feet of living area. Constructed in 1870, the improvement was known as the M. Armstrong and Company Carriage Factory and is rated in fair condition. The highest and best use identified for the property is conversion to apartments in conformance with applicable building codes, while the existing configuration also supports consideration of mixed-use concepts.
The property is located at 433 Chapel St, with 56 Wallace Street and 64 Wallace Street included in the listed address, in New Haven’s Mill River Area. It is zoned IL and is positioned near Yale University, Yale-New Haven Hospital, the Wooster Square Historic District, major highways, and public transportation. The building was added to the National Register of Historic Places on August 31, 2011, reflecting its role as a surviving 19th-century carriage factory.
The property is located at 433 Chapel St, with 56 Wallace Street and 64 Wallace Street included in the listed address, in New Haven’s Mill River Area. It is zoned IL and is positioned near Yale University, Yale-New Haven Hospital, the Wooster Square Historic District, major highways, and public transportation. The building was added to the National Register of Historic Places on August 31, 2011, reflecting its role as a surviving 19th-century carriage factory.
Key Highlights
- 32,000 gross building SF with 9,380 gross SF of living area
- Six‑story industrial/commercial building constructed in 1870
- Highest and best use identified as apartment conversion under applicable building codes
Property Analytics
Current Use
Lease Details
1
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,306
Businesses Nearby
Explore this area
Business Placement
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 Industrial in New Haven, CT
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Six-story historic property with IL zoning and redevelopment potential for apartment conversion under applicable building codes.
Where is this mixed-use property located?
The property is located at 433 Chapel St 56 Wallace Street and 64 Wallace Street New New Haven, CT.
What are key features of this property?
This property features: 32,000 gross building SF with 9,380 gross SF of living area; Six‑story industrial/commercial building constructed in 1870; Highest and best use identified as apartment conversion under applicable building codes
