124 Temple St - Storefront Retail/Residential FOR SALE


New Haven, CT 06510
$4,250,000 USD
646-875-8813
124 Temple St, New Haven, CT for Sale
$4,250,000 USD
Storefront Retail/Residential - FOR SALE
1/9
null | Request Cap Rate

124 Temple St
New Haven, CT 06510


HIGHLIGHTS

  • Stunning, corner brick-stone
  • Amazing location with great exposure for local/regional/national retail
  • Condo-level finish on 10 residential units of landmark luxury rentals

OVERVIEW

Brochure: https://docsend.com/v/tp5bf/124temple This architectural gem is a prime mixed-use building located in the heart of downtown New Haven, blocks away from Yale University. The site features 10 residential units with condo-level finish and 1 spacious ground floor retail space, currently occupied by the acclaimed restaurant-bar Olives and Oil, but potentially suitable for a national, regional, or local retail user or retail tenant, upon the retail tenant's lease expiry in September 2031. This corner brick-stone building comprises approximately 12,618 square feet, with 8,412 square feet designated for apartments and 4,206 square feet for a restaurant. Unique opportunity for a new owner to reinvigorate leasing and serve as a new steward of this stunning building. In the exterior, 124 Temple features historic brick facade, corner lot presence, and ornate architectural details like decorative cornices, stone accents. In the interior, the building houses residential units that feature modern conveniences like in-unit washer & dryer and elevator. 124 Temple blends seamlessly into the cityscape and the Yale central campus area. Ideal for owner-users or investors, the property features generational location, within blocks of Yale University's central campus, and near the bustling restaurant and cultural scene of Crown Street. With its unbeatable location, rich character, and high visibility, 124 Temple Street is ideal for a future owner seeking a premier asset in the thriving New Haven submarket. Ground-floor commercial tenant's lease runs until September 30, 2031, with built-in annual rent escalation. Ground-floor commercial tenant is responsible for a third of the building's Taxes, Insurance, Common Area Maintenance expenses.

FOR SALE DETAILS

PRICE

$4,250,000 USD

PRICE/SF

$337 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Restaurant, Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1910

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

BD

APN/PARCEL ID

NHVN-000241-000233-001700

ASK ABOUT THIS PROPERTY

Yoon (George) LeeFarnam Realty Group, LLCMore Info
646-875-8813

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Yoon (George) LeeFarnam Realty Group, LLCMore Info
646-875-8813

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.