821 State Street, New Haven (East Rock), CT, 06511 | $1,295,000

**LOCATION, LOCATION, LOCATION** Welcome to 821 State Street in New Haven, an exceptional property that has not been offered to the market in nearly a century. The property, comprising 821 State Street and its adjacent lot at 825 State Street, offers unparalleled versatility within a highly desirable (Business Administration) commercial zone. The 4, 000+ square foot building features a spacious first floor previously utilized as a funeral home. This versatile space can be repurposed for commercial use or potential residential conversion (subject to buyer verification). The property also includes two upper-level apartments: a 1, 485 square foot three-bedroom unit on the second floor and a 952 square foot two-bedroom unit on the third floor, which provide substantial income potential. The property boasts original trim and moldings, nine-foot ceilings, and hardwood floors believed to be beneath carpeting. Separate heating systems (oil on the first and second floors, natural gas on the third) and a roof approximately ten years old are also features. Furthermore, the property includes 825 State St, a highly valuable adjacent parking lot measuring approximately 69 feet wide and over 100 feet deep. The lot currently has eighteen off-street parking spaces, a rare amenity in this corridor. The lot has been repaved within the past five years. The property is conveniently situated only one block from the Yale Shuttle Line, two blocks from Yale's SOM and campus, and within proximity to the Metro North State St Station. Additionally, it is conveniently located near New Haven's Historic Green and Courthouses. Furthermore, the property is within close proximity to several of New Haven's renowned restaurants, including the world-renowned Modern Pizza, Goodfella's, Portofino's, and Christopher Martins. With flexible zoning that accommodates professional offices, mixed-use configurations, live work setups, or redevelopment (subject to buyer verification), this landmark property presents limitless potential for investors, owner-occupants, and developers. The property is being conveyed as-is; all buyers and agents are responsible for conducting their own due diligence. Also Listed under Multi Family MLS # 24153653

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