124 Temple Street, New Haven, CT, 06510
29 rooms
12 beds
8 Full baths
1900
Other
12,618 sqft
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. 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. 124 Temple Street features historic brick facade, corner lot presence, and ornate architectural details like decorative cornices, stone accents. The building 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.
Status:
Active
Type:
Multi-family
Units:
11
Zoning:
BD
Heating:
Hot Air
Cooling:
Central Air
Basement:
None
Acreage:
0.13
Est. Taxes:
$91,146
Assessment
$2,240,000
Lot Description:
N/A
Elementary School:
Per Board of Ed
High School:
Per Board of Ed
Days on Market:
65
MLS #:
24070794
Community Info
School Info
Walk Score
Mass Transit
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Listing courtesy of Y. George Lee, Farnam Realty Group Email: george@farnamgroup.com