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824 Chapel St
1,300 - 2,762 SF of Retail Space Available in New Haven, CT 06510
Highlights
- Prime Downtown New Haven location
- Divisible to approx. 1,300 SF
- Adjacent to 162-Unit Student Housing Development Currently Under Construction
- 2,762 SF Street Level Retail space for Lease
- High Traffic & Great Visibility
- Close proximity to over 1,000 Residential Units Currently Under Construction
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 1,300-2,762 SF | Negotiable | $39.33 CAD/SF/YR $3.28 CAD/SF/MO $423.36 CAD/m²/YR $35.28 CAD/m²/MO $9,053 CAD/MO $108,632 CAD/YR | Modified Gross |
1st Floor
2,762 SF Street level retail space for Lease, divisible to 1,300 SF.
- Listed rate may not include certain utilities, building services and property expenses
- 2,762 SF Street Level Retail space for Lease
- Divisible to 1,300 SF
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS FOR 824 Chapel St , New Haven, CT 06510
| Min. Divisible | 1,300 SF | Gross Leasable Area | 10,639 SF |
| Property Type | Retail | Year Built | 1900 |
| Property Subtype | Storefront | Cross Streets | Orange st |
| Min. Divisible | 1,300 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 10,639 SF |
| Year Built | 1900 |
| Cross Streets | Orange st |
About the Property
O,R&L Commercial is pleased to offer 2,762± SF (divisible to approximately 1,300± SF) of street level Retail space for Lease located at 824 Chapel Street in downtown New Haven. Located in one of the highest trafficked and developing areas of the city, a 162-unit student housing development is currently under construction directly adjacent to this property and set to be completed in 2024. One block away is the ever popular Elm City Market, along with the 360 State high-rise consisting of 500 residential apartments. Walking distance to Yale University’s campus, as well as the New Haven town green and Yale New Haven Hospital. Lease Rate: $28.00/SF Modified Gross
Nearby Major Retailers
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William Braun -
Richard Lee -
O, R & L Commercial
Presented by
824 Chapel St
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