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$825,000
Est. payment /mo
2 Baths
11,592 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 11,592 sqft
Price per Sqft $71
MLS Listing ID 24186496
Half Baths 2
Year Built 1900
Annual Tax Amount $8,904
Lot Size 3,920 Sqft
Property Description
Rare value add and development opportunity with approvals already in place. This commercial building comes with approved architectural plans, MEPs, and civil survey for a mixed-use redevelopment consisting of commercial space on the ground floor and 10 residential apartments above. The approved unit mix includes 2 studios, 7 one-bedroom units, and 1 two-bedroom unit. Located in a desirable area with strong rental demand, this spacious building offers investors and developers the chance to bypass much of the entitlement process and move directly toward construction. The hard work of obtaining approvals has already been completed, creating a significant advantage for the next owner. Whether you're looking to expand your portfolio, capitalize on the growing demand for mixed use properties, or develop a long term income producing asset, this property presents an exceptional opportunity. Bring your vision and construction team this project is primed for transformation and positioned to deliver substantial upside upon completion.
Location
State CT
County New Haven
Zoning CBD
Interior
Heating Hot Water
Cooling None
Exterior
Utilities Available Electric, Gas
Roof Type EPDM Synthetic Rubber
Building
Lot Description Level Lot
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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