821 State St 3 Unit Apartment Building Offered at $1,295,000 New Haven, CT 06511

**Location, Location, Location!**
Welcome to 821 State Street in New Haven, an exceptional opportunity that has not been offered to the market in nearly a century.
821 State Street, along with its adjacent lot at 825 State Street, offers unparalleled versatility within a highly desirable (Business Administration) commercial zone. The 4,000+ square foot building features a spacious first floor previously used as a funeral home. This versatile space could be repurposed for commercial use or potential residential conversion (buyer due diligence). The property also includes two upper-level apartments: a 1,485 square foot three-bedroom unit on the second floor and a 952 square foot two-bedroom unit on the third floor, which offer excellent income potential.
The property boasts beautiful original trim and moldings, nine-foot ceilings, and hardwood floors believed to be beneath carpeting. Separate heating systems (oil on the first and second floors, natural gas on the third) and a roof approximately ten years old are also features.
Additionally, the property includes a highly valuable adjacent parking lot that measures approximately 69 feet wide and over 100 feet deep. The lot currently has eighteen off-street parking spaces, a rare amenity in this corridor. The lot has been repaved within the past five years.
The property sits within blocks of Yale University School of Management, The Yale Shuttle Line, and some of New Haven’s iconic restaurants, including the world-renowned Modern Pizza, Goodfella’s, Portofino’s, and Christopher Martins!
With flexible zoning that accommodates professional offices, mixed-use configurations, live work setups, or redevelopment (buyer verification), this landmark property presents limitless potential for investors, owner-occupants, and developers. The property is being conveyed as-is; all buyers and agents are responsible for conducting their own due diligence.
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