821 State Street, New Haven, CT 06511 (MLS # 24152736)

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PRICE $1,295,000 SIZE 4,089 sqft LOT SIZE 3,050 sqft

**LOCATION, LOCATION, LOCATION** Welcome to 821 State Street in New Haven, an exceptional property that has not been offered to the market in nearly a century. The property, comprising 821 State Street and its adjacent lot at 825 State Street, offers unparalleled versatility within a highly desirable (Business Administration) commercial zone. The 4,000+ square foot building features a spacious first floor previously utilized as a funeral home. This versatile space can be repurposed for commercial use or potential residential conversion (subject to buyer verification). The property also includes two upper-level apartments: a 1,485 square foot three-bedroom unit on the second floor and a 952 square foot two-bedroom unit on the third floor, which provide substantial income potential. The property boasts original trim and moldings, nine-foot ceilings, and hardwood floors believed to be beneath carpeting. Separate heating systems (oil on the first and second floors, natural gas on the third) and a roof approximately ten years old are also features. Furthermore, the property includes 825 State St, a highly valuable adjacent parking lot measuring approximately 69 feet wide and over 100 feet deep. The lot currently has eighteen off-street parking spaces, a rare amenity in this corridor. The lot has been repaved within the past five years.