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$850,000
Est. payment /mo
2 Baths
14,496 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 14,496 sqft
Price per Sqft $58
MLS Listing ID 24186392
Half Baths 2
Year Built 1895
Annual Tax Amount $19,575
Lot Size 3,484 Sqft
Property Description
Rare opportunity to acquire a prominent mixed-use investment property offering both immediate income and significant value add potential. The ground floor is occupied by two established commercial tenants with strong leases in place, providing stable cash flow. The upper three floors are currently empty and present an exceptional redevelopment opportunity, with the highest and best use being conversion to residential apartments. The building features a welcoming vestibule entrance, a fully operable and serviced elevator providing access to all levels, and a recently installed EPDM roof. Investors and developers will appreciate the combination of existing income, substantial upside through residential conversion, and major building improvements already completed. Whether seeking a long-term investment, redevelopment project, or mixed-use asset with future growth potential, this property offers a unique opportunity in a highly desirable location.
Location
State CT
County New Haven
Zoning CBD
Interior
Interior Features Elevator
Heating Hot Air
Cooling Central Air, Split System
Exterior
Utilities Available Electric, Gas
Roof Type EPDM Synthetic Rubber
Building
Story 4
Sewer Public Sewer Connected
Water Public Water Connected
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Listed by Natalie Zoef • Vanguard Private Client Grp
Nearby Locations
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