This Land Property is Off-Market.

91 Church Street
New Haven, CT 06511 ·

1.25 AC · Land For Sale

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New Haven Development Site

Price N/A Property Sub-type Commercial/Other (land)
Lot Size 1.25 AC Property Use Type Vacant/Owner-User
Property Type Land
Listing ID: 17726219 Date Created: 06/28/2012 Last Updated: 12/08/2012

Description

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.

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91 Church Street, New Haven, CT 06511 (New Haven County)

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