$1,100,000

Est. Mortgage $5,276/mo *

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Listing courtesy of Roberta Hoskie (203) 589-8949, Outreach Realty Servicing (203) 498-2031

1294 Chapel Street, New Haven, CT, 06511

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0 beds

1 Full / 4 Half baths

1940

6,950 sqft

This is your opportunity to acquire a commercial office building with 23 Parking Spaces with potential to develop 17 additional Residential Units, in New Haven's desirable Dwight neighborhood. Currently occupied by the GNHBPA as a Shared Office HUB, the property is ideal for professional offices, medical, nonprofit, or educational users, while offering significant long-term upside with residential development The building features approximately 6,950 SF of office space, an additional 3,564 SF basement, 23 on-site parking spaces. Great value lies in its redevelopment potential. Previous plans and zoning approvals contemplated expanding the existing two-story building by adding two additional floors, creating a four-story mixed-use development with up to 17 residential apartments while maintaining commercial space on the first floor. As New Haven continues to experience strong demand for quality housing, this property presents a rare opportunity to unlock substantial additional value through redevelopment. Whether you choose to continue operating the property as a commercial asset or pursue a mixed-use redevelopment, this is a rare opportunity in one of New Haven's growing neighborhoods. Conducting your own independent due diligence. Opportunities to acquire an income-producing commercial property with the potential to add up to 17 residential units in one of New Haven's growing neighborhoods a rare opportunity.

Status:

Active

Type:

Commercial

Units:

Zoning:

Frontage:

Paved Road

Garage:

Paved, Parking Lot

Heating:

Hot Air, Hot Water

Cooling:

Central Air

Parking:

23-car

Acreage:

0.27

Est. Taxes:

$28,199

Assessment

$678,020

Current Use

Medical/Administrative Office

Permitted Use

Apartments, Mixed Use

Utilities

Gas

Lot Description:

Level Lot

Days on Market:

MLS #:

24182148

Community Info

School Info

Walk Score

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