Property profile

954 Chapel St New Haven, CT 06510

FOR LEASE
Showrooms
Property ID
US15-0376442
28,180 SF 0.27 ac lot Built 1900
Individually Owned 11-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

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 profile

Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1900
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 28,180 SF
Lot 0.27 ac (11,940 SF)
Zoning code BD
APN NHVN M:241 B:0233 L:01100
UPID US15-0376442

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Apartment Building Apartment Complex
  • Restaurant

Location

954 Chapel St New Haven, CT 06510
New Haven metro Census 140101 NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.51M

Owner & transaction history

since 2015
7 recorded transactions
2023
Price N/A
2020
Price N/A
2015
$7.2M
2003
$2.3M
1999
$1.0M
1996
Price N/A
1995
$430,000

Zoning & alternative use

BD · New Haven, CT
Zoning description

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…

General category CIVIC_INSTITUTIONAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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