824 Chapel St New Haven, CT 06510
- Retail properties
- 10,639 SF
- 0.51 lot acres
Current Use by Public Records
- Retail properties
Property Details for 824 Chapel St
- Year built
- 1900
- Lot size
- 0.51 lot acres
- Property size
- 10,639 SF
- Property type
- Retail properties
- Property subtype
- Office Properties & Spaces
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- New Haven
- County
- New Haven
- State
- Connecticut
- Longitude
- -72.9248
- Latitude
- 41.3057
