Contacts

Bradley Balletto

Northeast Private Client Group

Property Details

Property Type Retail - Restaurant
Property Size 1,920 SF
Units 1
Lot Size 0.22 Acre
Additional Rent Contact for pricing
Building Class C
Year Built 1955
Date Updated Nov 14, 2024

Adjacent to downtown New Haven, Yale campus, and Yale New Haven Hospital, Dwight/Chapel West is a popular location for students, faculty, university staff, and healthcare professionals. The neighborhood includes the Dwight Street Historic District, renowned for its eclectic variety of Victorian architectural styles. The close proximity to campus means that locals have access to the extensive dining, entertainment, and nightlife attracted by the student body – A seemingly-endless selection of locally-owned pizza parlors in and around the Dwight/Chapel West neighborhood ensures that you’ll eventually find your all-time favorite spot to grab a slice.Northeast Private Client Group is pleased to exclusively present for sale 1226 Chapel Street, New Haven, CT. 1226 Chapel Street offers a unique investment opportunity and irreplaceable real estate, currently leased to a busy Indian restaurant until February 2025. The restaurant generates consistent cash flow with an annual NNN rent of $52,800/Year. Located in a prime area within walking distance of Yale University and key retail destinations, the property benefits from high foot traffic and proximity to one of the nation's top universities, making it an ideal location for potential future redevelopment. The site is zoned BD1 (Business District 1) with a 6 FAR, allowing for up to +/- 54,885 square feet of buildable area, with uses as of right including multifamily, retail, restaurant, office, storage, and medical. A redevelopment would require the a new owner to secure a demolition permit for the existing building post-closing.

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Highlights

Irreplaceable Location
Proximity to Yale, Broadway Shops, Downtown New Haven, and Yale New Haven Hospital
Flexible Zoning
Existing Cash-Flow from Popular Restaurant

Getting around

97/100
Walk Score ®
71/100
Transit Score ®
90/100
Bike Score ®

Powered by Walk Score ®

City New Haven, CT
Neighborhood Dwight
Zip Code 06511
Market Bridgeport New Haven

Points of Interest

West Haven

3.01 miles
Ansonia

7.89 miles
Seymour

9.29 miles

BP

0.31 miles
Stop & Shop

0.42 miles
Mobil

0.61 miles
Best Gas

0.67 miles
Sunoco

1.22 miles
ChargePoint

1.23 miles
Exxon

1.55 miles
Citgo

1.62 miles
Shell

1.64 miles
Tesla Supercharger

2.76 miles

Howe Street Garage

0.06 miles
Chapel-York Garage

0.16 miles
Lot 80

0.16 miles
Center for British Arts Lot

0.23 miles
Lot 81

0.24 miles
Air Rights Garage

0.28 miles
56 Broadway Parking

0.28 miles
Neon Garage

0.32 miles
George Street Garage

0.39 miles
Crown St Garage

0.41 miles

Tandoor

0.00 miles
Tibetan Kitchen

0.02 miles
Döner Cafe

0.03 miles
House of Naan

0.03 miles
Ricotta Pizza & Bakery

0.04 miles
Barracuda

0.08 miles
Dunkin'

0.09 miles
Mamoun's

0.09 miles
Est Est Est Pizza

0.10 miles
Chaps

0.11 miles

Stop & Shop

0.38 miles
Million Asian Market

0.65 miles
Minore's Market

0.67 miles
Elm City Market

0.67 miles
Edge of the Woods

0.81 miles
The Meat King by CTown

1.17 miles
Flynn’s Grocery

1.40 miles
Westville General

1.81 miles
La Supermarqueta

1.94 miles
C-Town

2.11 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

1226 Chapel Street