841 Chapel St New Haven, CT 06510-3035
This exceptional retail space, located at 841 Chapel Street in New Haven, Connecticut, offers 2,000 to 5,000 square feet of street-level commercial area. The property, built in 1900, is a three-story building totaling 12,740 square feet and sits on a 0.12-acre lot. The space features a wide-open floor plan, ideal for a variety of retail uses, and includes a matching basement for ample storage. Its prime location in a high-traffic area of downtown New Haven offers excellent visibility and accessibility. The property benefits from its proximity to a significant new 162-unit student housing development (completion expected in 2024) across the street, the popular Elm City Market one block away, and the 360 State high-rise with 500 residential units. Furthermore, its location is within walking distance of Yale University's campus, the New Haven Green, and Yale New Haven Hospital, ensuring a large and diverse potential customer base. The building has a 400-amp power supply and is zoned BD1. The minimum divisible space is 2,000 square feet, with a maximum contiguous space of 5,000 square feet. The lease rate is $22 per square foot, NNN. This presents a unique opportunity for businesses seeking a vibrant and well-connected location in a thriving urban environment. The property is a single building with multiple tenancies.
-
Zakka (Bike/Boat/Book/etc) Store
-
Zakka Yale (Bike/Boat/Book/etc) Store
This district comprises the main downtown section of the city, known in planning terms as the Central Business District. Here are concentrated activities that have primarily a citywide and regional function: large stores offering comparison shopper's goods, specialty stores, business services, banks, offices, theaters, hotels and government buildings
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
BD · New Haven, CTThis district comprises the main downtown section of the city, known in planning terms as the Central Business District. Here are concentrated activities that have primarily a citywide and regional function: large stores offering comparison shopper's goods, specialty stores, business services, banks, offices, theaters, hotels and government buildings
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.