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89 Church St - Johnson Simons Building 5,700 SF Retail Condo Unit Offered at $2,150,000 in New Haven, CT 06510
Investment Highlights
- High walking traffic near Yale University
- Prime location entering downtown
- Regional and national branded tenants
- Strong Downtown New Haven retail corridor
Executive Summary
89 Church Street is a centrally located commercial property in the heart of downtown New Haven, positioned within a dense urban corridor near Yale University, City Hall, and the New Haven Green. The building benefits from strong pedestrian traffic, excellent visibility, and proximity to public transit, restaurants, and institutional anchors. The surrounding area features a mix of office, retail, residential, and civic uses, making the property well suited for a variety of commercial or mixed-use applications. Its downtown location provides convenient access to major roadways and regional transportation, supporting both local and commuter-oriented demand.
Property Facts
| Total Building Size | 32,405 SF | Floors | 6 |
| Property Type | Multifamily (Condo) | Typical Floor Size | 5,400 SF |
| Property Subtype | Apartment | Year Built | 1900 |
| Building Class | B | Lot Size | 0.17 AC |
| Zoning | BD1 - Business | ||
| Total Building Size | 32,405 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | B |
| Floors | 6 |
| Typical Floor Size | 5,400 SF |
| Year Built | 1900 |
| Lot Size | 0.17 AC |
| Zoning | BD1 - Business |
1 Unit Available
Unit 1R
| Unit Size | 5,700 SF | Sale Type | Investment |
| Price | $2,150,000 | Cap Rate | 6.50% |
| Price Per SF | $377.19 | NOI | $139,750 |
| Condo Use | Retail |
| Unit Size | 5,700 SF |
| Price | $2,150,000 |
| Price Per SF | $377.19 |
| Condo Use | Retail |
| Sale Type | Investment |
| Cap Rate | 6.50% |
| NOI | $139,750 |
Description
Positioned beneath residential condominiums in the heart of downtown, the property benefits from strong pedestrian traffic and proximity to Yale University, major employment centers, and surrounding retail and dining.
Sale Notes
Opportunity to acquire a prime downtown New Haven street-level retail condominium located along the highly visible Church Street corridor. The offering consists of the first-floor retail only, currently configured for four tenants, with recent leasing activity creating a stabilized investment and limited remaining vacancy providing future leasing upside.
Dunkin’ has operated at this prominent corner location for nearly 20 years, while Total Wireless opened last year and has approximately nine years remaining on its lease with a regional operator controlling 50+ locations. A new lease has recently been executed with Moka & Co., a growing U.S. café concept specializing in authentic Yemeni coffee and tea with 20+ locations, currently completing renovations.
The property also includes a leased Patriot Bank ATM space, which may provide future flexibility to expand a small retail unit to approximately 700 SF through reconfiguration.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 13 | - | - |
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89 Church St - Johnson Simons Building
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