This is a unique opportunity to acquire a commercial office building near Downtown New Haven, CT, with 23 on-site parking spaces and the potential to develop up to 7 additional residential units in New Haven’s desirable Dwight neighborhood. Currently occupied by the GNHBPA as a shared office hub, the property is well suited for professional offices, medical, nonprofit, educational, or owner-user purposes, while also offering significant long-term redevelopment potential. The building features approximately 6,950 SF of office space, an additional 3,564 SF basement, and 23 on-site parking spaces. One of the property’s greatest advantages is its redevelopment potential. Previous plans and zoning approvals contemplated expanding the existing two-story building by adding two additional floors, creating a four-story mixed-use development with up to 7 residential apartments while maintaining commercial space on the first floor. With continued demand for quality housing in New Haven, this property offers an opportunity to create additional value through redevelopment while retaining an established commercial component. Whether an investor chooses to continue operating the property as a commercial asset, occupy it for their own business, or pursue a mixed-use redevelopment strategy, 1294 Chapel Street presents a rare investment opportunity in a growing New Haven neighborhood. Buyer and buyer’s representatives are responsible for conducting their own independent due diligence and verifying all zoning, development, square footage, approvals, and permitted uses. An income-producing commercial property with substantial parking and the potential to add up to 7 residential units is a unique opportunity in the New Haven market.