Retail Business for Sale in New Haven, CT

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: New Haven, CT 06510
  • Size: 6,700 SF

Description

1,180-6,700 SF Available CBRE is pleased to present a one of a kind leasing opportunity at a landmark building in the heart of Downtown New Haven and the Yale Campus. The exquisite 1920‘s design and construction provide an ideal location for an upscale restaurant, events space and other retail uses. Smaller perimeter and lower level spaces are excellent for office and other uses. The newly renovated Union Trust building, which houses 137 luxury apartments, has 50 on-site surface parking spaces and is within walking distance to all New Haven amenities. + Available Space − Main Level: 6,700 SF; 3,320 SF; 2,600 SF; 1,180 SF − Full basement and second floor space also available Property Highlights LOT SIZE: 0.59 acres BUILDING SIZE: 159,408 SF YEAR BUILT: 1832 YEAR RENOVATED: 2015 PARKING SPACES: 50 on-site spaces ZONING: BD, [Central Business District]

Market Context

This retail in New Haven, CT is listed for sale across 6,700 SF. It has been on the market for 163 days. Compare it against other retail listings for sale in New Haven, CT — <a href="/search/sale/retail/connecticut/new-haven">view the full market</a>.

As of Q4 2023, the Connecticut retail market showed a 4.1% vacancy rate, average asking rents near $24.47/SF/yr, and cap rates around 5.8%. Source: Consensus Q4 2023 market report.

Tight vacancy keeps competition for quality space elevated.

Retail market FAQ

What is the typical cap rate for retail in Connecticut?
About 5.8% as of Q4 2023, per Consensus.
Is the Connecticut retail market tightening or softening?
Vacancy is around 4.1% (Q4 2023).

Unified Estimate

Medium Confidence

$93.50/SF – $126.50/SF

Mid: $110.00/SF

Total estimate for 6,700 SF: $737,000

Rate estimator only; cost-of-business estimate unavailable.

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