Davenport & Congress Approved Development Site

For Sale

326-384 Davenport Avenue & 859-879 Congress Avenue, New Haven, CT 06519

This New Haven property for sale is located at 326-384 Davenport Avenue & 859-879 Congress Avenue. The current listed sale price for Davenport & Congress Approved Development Site is $5,820,000. Davenport & Congress Approved Development Site is situated on a lot that is 1.99 acre in size.

Contacts

broker

Brad Balletto

Northeast Private Client Group

(203) 307-1574

Property Details

  • Property Type VacantLand
  • Lot Size 1.99 Acre
  • Date Updated Jan 22, 2024
The Hill is a historic neighborhood adjacent to Downtown New Haven and Yale University. Listed on the National Register of Historic Places, The Hill features a wide range of apartments and condos for rent that reflects its history dating back to the 1800s. There are rentals available for every budget. The neighborhood also maintains its quaint charm with several mom-and-pop restaurants scattered around the area. Along with being near Yale University, The Hill is home to several parks and medical facilities including Yale New Haven Hospital Emergency Room and Yale School of Medicine. The Hill is also convenient to the University of New Haven and Yale’s western campus. The Hill is within walking distance of downtown, but the bus system will also take you into the heart of the city and other hotspots.Davenport & Congress is a 1.99-acre development site fully approved to build a 194-unit apartment complex. Full civil, architectural, and engineering drawings are complete. Market rents for apartments in the immediate neighborhood surpass $3/SF/month. The BA zone allows for extremely diverse uses including multifamily residential, retail, automotive, outdoor storage, medical, hospitality, parking structures, or office among others, in the event a new owner wanted to modify the existing plan or develop it for a different use. New Haven is a Biotech Hub and one of the most dynamic markets in the state of Connecticut. The property is 1 mile from 101 College Street, a brand new 500,000 SF bioscience lab building. The property is also conveniently 0.7 miles from Yale New Haven Hospital and stands near several other hospitals and universities including Yale New Haven Saint Raphael's, Yale University, University of New Haven, Southern Connecticut State University, and Albertus Magnus College.

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Highlights

  • Approved 194-Unit Multifamily Development Site
  • Apartment Rents in Submarket Exceed $3/SF/Month
  • 1.99 Acres in BA Zone
  • Zoning Allows for Many Uses Including Multifamily, Retail, Medical, Office, Parking & Outdoor Storage
  • Dynamic & Growing Market
  • 0.7 Miles to Yale New Haven Hospital

Getting around

  • 73/100

    Walk Score ®

  • 52/100

    Transit Score ®

  • 60/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City New Haven, CT
  • Neighborhood Hill
  • Zip Code 06519
  • Market Bridgeport New Haven

Points of Interest

  • New Haven Union Station

    0.95 miles

  • New Haven-State Street

    1.26 miles

  • West Haven

    2.16 miles

  • Branford

    6.83 miles

  • Derby-Shelton

    7.36 miles

  • Ansonia

    7.68 miles

  • Milford

    7.97 miles

  • Seymour

    9.40 miles

  • Stop & Shop

    1.10 miles

  • BP

    1.16 miles

  • Mobil

    1.21 miles

  • Best Gas

    1.23 miles

  • Mobil

    1.30 miles

  • Citgo

    1.39 miles

  • Shell

    1.66 miles

  • Hess

    1.73 miles

  • Exxon

    1.90 miles

  • Citgo

    1.95 miles

  • Howard Avenue Garage

    0.49 miles

  • Lot 1

    0.50 miles

  • Orchard/Sherman Parking Lot

    0.51 miles

  • Lot 4

    0.53 miles

  • Lot 47

    0.58 miles

  • Lot 96

    0.60 miles

  • Lot 8

    0.60 miles

  • Air Rights Garage

    0.71 miles

  • Lot CP2

    0.74 miles

  • George Street Garage

    0.75 miles

  • The Blake Hotel

    0.84 miles

  • New Haven Hotel

    0.90 miles

  • The Study

    0.92 miles

  • The Study at Yale

    0.93 miles

  • Graduate New Haven

    0.94 miles

  • Omni New Haven Hotel at Yale

    1.02 miles

  • New Haven Village Suites

    1.08 miles

  • Courtyard New Haven at Yale

    1.13 miles

  • Super 8

    1.23 miles

  • La Quinta Inn & Suites New Haven

    1.32 miles

  • Million Asian Market

    1.06 miles

  • Elm City Market

    1.19 miles

  • Minore's Market

    1.20 miles

  • Brewshop

    1.23 miles

  • Edge of the Woods

    1.33 miles

  • The Meat King Farms

    1.78 miles

  • Stop & Shop

    1.97 miles

  • La Supermarqueta

    2.52 miles

  • Target

    2.57 miles

  • Walmart

    2.59 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Brad Balletto

Northeast Private Client Group

(203) 307-1574