1226 Chapel Street

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.