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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

824 Chapel St New Haven, CT 06510

10,639 SF 0.51 ac lot Built 1900
Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Retail properties & Spaces
Year built 1900
Total area 10,639 SF
Lot 0.51 ac (22,216 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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