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    954 Chapel St New Haven, CT 06510

    Sponsored
    For Lease
    $13 SF/Yr

    Historic building, prime location, flexible space.

    Lot size:
    4,573 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This unique 4,573 square foot property at 954 Chapel Street, New Haven, CT, 06510, presents a compelling opportunity. Located in the heart of downtown New Haven, this three-story building, constructed in 1900, is zoned BD and sits on a 0.27-acre lot. The building's previous use as a nightclub offers a ready-made layout, featuring a main level and mezzanine totaling 1,931 square feet, and a substantial lower level bar area of 2,642 square feet. The single-tenant occupancy provides flexibility for a variety of uses. The property's address is 954 Chapel Street, with a cross street of Temple Street, placing it within easy reach of New Haven's vibrant commercial district. This building offers significant potential for redevelopment or continued use as a nightlife venue, given its size, location, and existing infrastructure. The property is situated in New Haven County, Connecticut. This is a rare opportunity to acquire a substantial commercial space in a high-traffic area of a thriving city. The building's history and unique character add to its appeal. Serious inquiries are encouraged.

    Property Features for 954 Chapel St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,573 SF

    Building Details

    Year Built
    1900
    Stories
    3

    Unit(s) available at that property

    Space
    Size
    4,573 SF
    Rate per SF
    $13

    HighLights

    • 4,573 SF three‑story building on a 0.27‑acre lot in downtown New Haven, CT.
    • Located at 954 Chapel Street (cross street: Temple Street), in New Haven's vibrant commercial district.
    • Zoned BD.
    • Built in 1900, previously used as a nightclub, offering a main level & mezzanine (1,931 SF) and a lower level bar area (2,642 SF).
    • Currently single‑tenant occupied, offering flexible use options.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bulldog Apartments Apartment Building New Haven’s Taste ... Chinese Restaurant

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Haven
    County
    New Haven
    State
    Connecticut
    Longitude
    -72.9279097
    Latitude
    41.3065725

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    FAQs

    What type of property is this?
    Restaurant - Historic building, prime location, flexible space.
    Where is this restaurant located?
    The property is located at 954 Chapel St New Haven, CT.
    What is the lease rate?
    The lease rate is $13 SF/Yr.
    What are key features of this property?
    This property features: 4,573 SF three-story building on a 0.27-acre lot in downtown New Haven, CT.; Located at 954 Chapel Street (cross street: Temple Street), in New Haven's vibrant commercial district.; Zoned BD.
    Request Owner's contact information
    954 Chapel St New Haven, CT 06510
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    New Haven, CT 06510
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    954 Chapel St New Haven, CT 06510
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