New Listing - 11/19/2024

$1,900,000

Est. Mortgage $9,236/mo *

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157 Main Street Annex, New Haven, CT, 06512

157 Main Street Annex, New Haven, CT, 06512
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1950

3,144 sqft

Prime Development Opportunity - 147 & 157 Main Street Annex, New Haven, CT Exceptional combined 1.02-acre site offering unmatched development potential with BB and RM1 zoning. Located seconds from I-95 (Exit 50) and just four blocks from Townsend Ave, this property is perfectly positioned for high-density residential or mixed-use projects. Key Highlights: Lot Size: 44,380 sq. ft. across two parcels Structures: Ranch-style commercial building and masonry garage with office space Zoning Potential: Up to 87 residential units with current zoning; 111 units possible with Inclusionary Zoning bonuses Rezoning Opportunity: Easily rezone to full BB for streamlined planning and increased density Inclusionary Zoning Benefits: No parking requirements for residential units; density bonuses available Additional Features: Property currently equipped with dealer plates, offering unique commercial-use potential Neighboring Parcel: Being sold in conjunction with Parcel #2387486 to expand development opportunities Take advantage of this rare opportunity to develop in a strategic New Haven location with flexible zoning, existing commercial use, and robust demand for housing. Proposal & Zoning documents available

Status:

Active

Type:

Commercial

Units:

2

Zoning:

BB & RM1

Frontage:

State Road

Heating:

Hot Air

Cooling:

Central Air

Acreage:

1.02

Est. Taxes:

$16,723

Assessment

$434,350

Utilities

Electric,Gas Available,Cable Available

Lot Description:

Dry,Level Lot,Cleared

Days on Market:

1

MLS #:

24060733

Community Info

School Info

Walk Score

Mass Transit

Yelp

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Listing courtesy of Nicholas Tarquino, Carbutti & Co., Realtors Email: nick.tarquino@gmail.com