1503 State Street, New Haven CT, 06511

Sold

Closed

1503 State Street

New Haven CT, 06511

$415,000

$150.58 per sqft

Sold

Closed

3 Baths

2,756 sqft

Commercial

Built in 1920

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.

24040284

MLSⓇ ID

August 17, 2024

Listed

January 7, 2025

Updated

Map

1503 State Street
New Haven CT, 06511

Interior Features

Total Bathrooms: 3
Full Bathrooms: 3
Fireplace: No
Cooling: Yes
Cooling Description: Central Air
Heating: Yes
Heating Description: Natural Gas, Forced Air

Exterior/Building Features

Lot Size: 0.16 Acres
Lot Features: Level
Roof: Asphalt
Sewer: Public Sewer

Other Property Details

Area Name: N/A
Taxes: $6,511
Tax Frequency: Annually
Days on Market: 44
Garage: No
Parking: Off Street, On Street
Parking Total: 7
View: No
County: New Haven
Water Source: Public
Pool: No
Zoning: BA

Listing History

Date	Event	Price
11/19/2024	Sold	$415,000
9/19/2024	Under contract	—

Listed by Ricardo Cordido with The Cordido Group, LLC

Listing Contact: 2034641853

The IDX display contains information sourced from the Smart MLS, Inc as of 1/7/2025. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

Data last updated on 1/7/2025 at 4:32 PM UTC