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.


Property

Website:https://www.nestseekers.com/5596121
Address:
1294 Chapel
New Haven, CT 06511
Ownership: Commercial
Type: Commercial
Bathrooms: 5
Area: 6950 sq ft

Financials

Price:$1,100,000
Annual Taxes:$28,199

Description

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.

Amenities

  • Central Air
  • Elementary School -
  • Employee Lounge
  • High School -
  • Intermediate School -
  • Window Display

Contact

Nest Seekers International at The J House Greenwich, 1114 E Putnam Ave, Riverside, CT 06878
Listing Courtesy of Roberta Hoskie of Outreach Realty Servicing