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1481 Chapel St 6,007 SF Office Building New Haven, CT 06511 $1,495,000 ($248.88/SF)
INVESTMENT HIGHLIGHTS
- Historic office building with stained glass windows, fireplace, and high ceilings
- Located one block from Yale New Haven’s Saint Raphael Campus in New Haven’s medical corridor
EXECUTIVE SUMMARY
Prime ~6000 SQ FT commercial office building that sits on a rare .41 acre parcel one block form Yale/Saint Raphael's hospital. The property is in the RO zone and is comprised of 4 adjoining parcels; 1481 Chapel ST(6000 SQ FT office building on .17 acres), 1485 Chapel St (.11 acre lot), 15 Hotchkiss St (.06 acre lot) and 17 Hotchkiss St (.07 acre lot). This property would be prime for redevelopment into a mixed use or residential building. Huge gated parking lot with parking for at least 24 cars. The entire building is currently used by a single user medical office. The first level features high ceilings, beautiful original details with stain glass windows & fireplace, reception area, 2 half baths and 12 office/exam rooms. The second level features 7 additional office/room(s) with 1.5 tiled baths. Would be a perfect conversion to a residential unit. The building has an unfinished space in the attic, perfect for expansion. The basement has been finished with an additional ~1500 SQ FT with large rooms, 3 built out offices and a half bath. Don't miss out on this incredible opportunity to purchase a building and land with endless potential for redevelopment, live/work space, medical office or mixed use apartments/commercial. This one truly should not be missed!
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Building Size
6,007 SF
Building Class
C
Year Built
1900
Price
$1,495,000
Price Per SF
$248.88
Tenancy
Single
Building Height
3 Stories
Typical Floor Size
2,002 SF
Slab To Slab
9’
Building FAR
0.33
Lot Size
0.42 AC
Zoning
RO - allows for a mix of residential and office uses
Parking
25 Spaces (4.16 Spaces per 1,000 SF Leased)
AMENITIES
- Security System
1 1
Walk Score®
Very Walkable (82)
Bike Score®
Very Bikeable (80)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $423,710 | |
| Land Assessment | $180,040 | Total Assessment | $603,750 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$180,040
Improvements Assessment
$423,710
Total Assessment
$603,750
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1481 Chapel St
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