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.
| Website: | https://www.nestseekers.com/5596121 |
|---|---|
| Address: | 1294 Chapel New Haven, CT 06511 |
| Ownership: | Commercial |
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| 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
Nest Seekers International at The J House Greenwich, 1114 E Putnam Ave, Riverside, CT 06878 Phone: +1 203-204-9555 | |
| Listing Courtesy of Roberta Hoskie of Outreach Realty Servicing | |