Business Summary:
Downtown New Haven, Prime Location Once in a lifetime opportunity to buy one of only a few privately owned buildings in the best location in Downtown surrounded by restaurants, theater, hotels, the green and Yale. This is the first and only building in the highly coveted area available in the past 10 years; Yale owns all of the surrounding buildings. An incredible mixed use property on a high traffic RT with both walking and driving traffic with a Beautiful historic property that has undergone a complete rehab in the past two years and is in pristine condition, which includes 3 floors of beautiful residential and 3 floors of commercial space. Top of the line rehab from basement to roof with all new mechanical installed (plumbing, HVAC, electric, security, sound). Residential is by far the nicest living in downtown, easily renting to a downtown professional for $3500 + a month, and could easily divided to two units. Commercial space currently occupied by a high grossing restaurant. The market commercial rent of $35NNN per square foot given its prime location, comparable lease terms in the area, and sales volume, makes the asking rent of 29 NNN per square ft a real bargain. Only open for dinner, a great opportunity for breakfast, lunch, development of underused catering space, and building expansion potential, could be whole separate concept with increased gross dollars. There is no better location or business opportunity in New Haven for a long term investment.
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Growth/Expansion:
Only open for dinner, a great opportunity for breakfast, lunch, development of underused catering space, and building expansion potential, could be whole separate concept with increased gross dollars. There is no better location or business opportunity in New Haven for a long term investment. |
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