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    824 Chapel St New Haven, CT 06510

    Sponsored
    For Lease
    $28 SF/Yr

    High-traffic retail space, divisible.

    Lot size:
    10,639 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional retail opportunity encompasses 2,762 square feet of prime commercial space at 824 Chapel Street in the heart of New Haven, Connecticut. Located in a high-traffic area experiencing significant development, this property offers excellent visibility and accessibility. The space is situated within a two-story building (10,639 total square feet) constructed in 1900, and is divisible to approximately 1,300 square feet, providing flexibility for various business needs. The property sits on a 0.51-acre lot and is zoned BD1. Its strategic location benefits from proximity to a new 162-unit student housing development (completion expected in 2024), the popular Elm City Market, and the 360 State high-rise with 500 residential units. Furthermore, its convenient location offers easy access to Yale University's campus, the New Haven Green, and Yale New Haven Hospital, ensuring a substantial customer base. The lease rate is $28.00 per square foot on a modified gross basis. This presents a unique chance to establish a thriving business in a vibrant and rapidly growing urban environment. The property is in New Haven County, CT, zip code 06510.

    Property Features for 824 Chapel St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    10,639 SF
    Total Rate
    24824.33

    Building Details

    Year Built
    1900
    Stories
    2

    Unit(s) available at that property

    Space
    2,762 SF
    Size
    2,762 SF
    Rate per SF
    $28

    HighLights

    • Prime Downtown New Haven location.
    • New Haven Green frontage.
    • 2,762 SF of street‑level retail space available for lease, divisible to approximately 1,300 SF.
    • Strong Yale University community presence.
    • High‑traffic, rapidly developing area.
    • Adjacent to a new 162‑unit student housing development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Grocery 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
    -72.92480118263
    Latitude
    41.305652924208

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    FAQs

    What type of property is this?
    Office Property / Space - High-traffic retail space, divisible.
    Where is this office property / space located?
    The property is located at 824 Chapel St New Haven, CT.
    What is the lease rate?
    The lease rate is $28 SF/Yr.
    What are key features of this property?
    This property features: Prime Downtown New Haven location.; New Haven Green frontage.; 2,762 SF of street-level retail space available for lease, divisible to approximately 1,300 SF.
    Request Owner's contact information
    824 Chapel St 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
    824 Chapel St New Haven, CT 06510
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