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1st Floor - Unit 1R
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Retail
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5,700 SF
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$2,150,000 USD
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Unit Size: 5,700 SF
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Condo Use: Retail
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Price: $2,150,000 USD
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Sale Type: Investment
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Price/SF: $377.19 USD
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.
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