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New Haven Development Site
91 Church Street, New Haven, CT 06511
1.25 AC | Land
Land - Off Market
- Lot Size:
- 1.25 AC
- Property Type:
- Property Sub-type:
- Commercial/ Other (land)
- Listing ID
- Last Updated
- over 1 year ago
This development site presents the ideal configuration for mixed-use development of street level retail, with potential for office or residential above, and onsite parking.
The existing portfolio consists of a multilevel parking garage, a retail store fronting onto Chapel Street, a surface parking lot spanning the block from Center Street to Chapel Street, and second level space. This property currently generates approximately $293,000 in gross income annually with approximately $110,000 in annual carrying costs, yielding an annual Net Operating Income of $183,000.
Bound by three of downtown New Haven' s main thoroughfares, Church Street, Chapel Street and Orange Street, the subject property is one of the most heavily traveled blocks in New Haven by both vehicles and pedestrians.
Map of 91 Church Street, New Haven, CT 06511 (New Haven County)
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The information above has
been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified
it and make no guarantee, warranty or representation about it. It is your responsibility to independently
confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are
for example only and do not represent the current or future performance of the property. The value of
this transaction to you depends on tax and other factors which should be evaluated by your tax, financial,
and legal advisors. You and your advisors should conduct a careful, independent investigation of the
property to determine to your satisfaction the suitability of the property for your needs. TB-P