1294 Chapel Street, New Haven, CT 06511
sale
$875,000
|
Other
Courtesy Of Outreach Property Management
This is your opportunity to acquire a commercial office building with 23 Parking Spaces with potential to develop 7 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 7 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 7 residential units in one of New Haven's growing neighborhoods a rare opportunity.
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Property Features
- Age: Over 50 Years Old
- Cooling System: Central Air
- Floor Covering: Carpet - Full
- Floor Covering: Concrete
- Heating System: Hot Water(Heating)
- MLSID: 24182148
- Parking Spaces: 23
- Rooms: Bathroom 4
- Rooms: Bathroom 5
- Rooms: Bathroom 2
- Rooms: Bathroom 3
- Rooms: Bathroom 1
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