1362 State St - Storefront Retail/Residential FOR SALE


New Haven, CT 06511- East Rock
$625,000 USD
203-641-2100
1362 State St, New Haven, CT for Sale
$625,000 USD
Storefront Retail/Residential - FOR SALE
1/22
null | Request Cap Rate

1362 State St
New Haven, CT 06511
East Rock


HIGHLIGHTS

  • Mixed Use Investment Opportunity
  • Ground level retail, 2 3-BR Apartments 2 stories above
  • High Traffic Visibility, 17,500 Average Daily Traffic Count
  • Private Parking, 2 entrances/exits. Up to 15 cars

OVERVIEW

Mixed-use investment opportunity offering income potential and exceptional visibility on a well-traveled state road. The property features approximately 1,401 square feet of ground-level retail space, complemented by an attached 900-square-foot storage area. Above the commercial space are two residential apartments located on the second and third floors. Each unit offers three bedrooms, one full bathroom, and the convenience of an in-unit washer and dryer. Both apartments are currently rented below market value with month-to-month leases. The property also includes its own generous on-site parking and benefits from outstanding exposure with an average daily traffic count of approximately 17,500 vehicles. Conveniently located just minutes from Interstate 91 and with easy access to downtown New Haven, this property offers an excellent opportunity for investors or owner-users seeking a well-located mixed-use asset with both commercial and residential income potential.

FOR SALE DETAILS

PRICE

$625,000 USD

PRICE/SF

$132 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

1362 State Street, New Haven CT

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,712 SF

ZONING

BA

APN/PARCEL ID

NHVN-000170-000476-001300

ASK ABOUT THIS PROPERTY

Nicholas MastrangeloColdwell Banker Commercial NRTMore Info
203-641-2100

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Nicholas MastrangeloColdwell Banker Commercial NRTMore Info
203-641-2100

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.