1503 State Street, New Haven, CT, 06511
2 beds
1 Full baths
1920
2,756 sqft
Unique opportunity to acquire a mixed-use property fully available and ready to be either owner occupied or leased out for instant value-add returns. This turnkey dual-unit building has a well-established cafe/ bar on the first floor with approximately 50 seats. This commercial space includes all existing furniture, fixtures and equipment. The second floor via its own entrance is a two bedroom, one-bathroom apartment. The apartment benefits from having its own front and rear entry with stairs leading down to the back parking area. The property is situated on a high traffic road with excellent visibility. Average Daily Traffic Volume is approximately 17,500 vehicles per day. The property features ample parking (approx. 7 vehicles) in the back via a driveway and there is additional parking available on the street. This property located in a desirable BA Zone also has the opportunity for conversion to another commercial use and is suitable for many businesses to utilize the existing footprint or the site is ideal for redevelopment. The property is being sold as-is, where-is and is subject to probate.
Status:
Active
Type:
Commercial
Units:
2
Zoning:
BA
Frontage:
State Road
Garage:
Paved, On Street Parking, Off Street Parking
Heating:
Hot Air
Cooling:
Central Air
Parking:
7-car
Acreage:
0.16
Est. Taxes:
$6,511
Assessment
$169,120
Current Use
Mixed-Use. Cafe/Bar, Residential
Permitted Use
Investment, Retail, Office, Residential
Utilities
Electric,Gas
Lot Description:
Level Lot
Days on Market:
43
MLS #:
24040284
Community Info
School Info
Walk Score
Mass Transit
Yelp
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Listing courtesy of Ricardo Cordido, The Cordido Group, LLC Email: rcordido@thecordidogroup.com