142 Temple St - Medical FOR SALE


New Haven, CT 06510- Downtown New Haven
$6,500,000 USD
203-727-2429
142 Temple St, New Haven, CT for Sale
$6,500,000 USD
Medical - FOR SALE
1/12
null | 9.54% Cap Rate

142 Temple St
New Haven, CT 06510
Downtown New Haven


HIGHLIGHTS

  • Downtown
  • Newley renovated office
  • Appel parking

OVERVIEW

142 Temple Street is a ±58,292-square-foot, three-story mixed-use building in the heart of Downtown New Haven, offering investors a rare combination of in-place, credit-quality retail income and meaningful office lease-up upside. The retail component is 100% leased to a roster of established, destination tenants — anchored by national restaurant brand Mecha Noodle Bar, boutique fitness operator Wheelhouse, and the popular Bar 142 Temple — while the office floors, currently 75% occupied, present a clear path to value creation through lease-up of vacant suites and mark-to-market of below-market and month-to-month tenancies. Set on a 0.47-acre parcel in the BD (Central Business) district, the asset is steps from Yale University, the New Haven Green, the Shubert and Yale Repertory theaters, and the city’s dense employment and dining core — a true walk-to-everything location that has kept the building’s storefronts continuously occupied by long-standing operators.

FOR SALE DETAILS

PRICE

$6,500,000 USD

PRICE/SF

$86 USD /SF

CAP RATE

9.54%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Olympia Bldg

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

A

YEAR BUILT

1974

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2 AC

LAND SF

87,120 SF

ZONING

X

APN/PARCEL ID

NHVN-000241-000233-001600

ASK ABOUT THIS PROPERTY

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203-727-2429

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203-727-2429

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