Prime Yale-Area Restaurant/Tavern Opportunity

Business Overview:

There is a Santa, this proves it!!!! Step into a storybook corner of downtown New Haven, an independently owned, multi-level restaurant space nestled in the heart of Yale’s busiest district, where foot traffic and neighborhood energy never stop. This rare 2,600 sq ft property once thrived as a beloved Italian café and now offers a turnkey canvas for a passionate operator to revive its charm and profitability. What makes it special: an open, inviting layout with 50 dining seats, 40 lounge/bar seats, a full-service bar, and an antique mahogany back bar that anchors the room with timeless character. Outdoors, an incredible 50-seat patio with a rear bar and limited alfresco seating out front draws students, faculty, residents, and visitors year-round. Over the past decade, the owners generated nearly $800,000 in gross revenue, proof of the location’s earning potential. The space shows its age in places—but that’s an opportunity. With a fresh concept, a cosmetic refresh, and the right operator, this property can quickly return to its former glory. Whether you imagine a lively pub, a modern café, a refined restaurant, or a reinvigorated Italian spot, the bones are exceptional, and the market is primed. Priced to attract an owner-operator ready to make an immediate impact, this is a rare downtown New Haven find. Don’t miss this chance to own a piece of Yale-area history and build something unforgettable—schedule a showing today.

Contact the Seller:

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Property Features and Assets:

There has been a restaurant here for 5 decades, $5,800 NNN month rent, a very reasonable rent given its location, and a very attainable rent factor well below the 10% target

Market Competition and Expansion:

Competition: In downtown New Haven, in the heart of Yale, with incredible foot traffic.

Growth & Expansion: 1. Tap into catering for Yale, it’s a huge market. 2. Refresh and enhance cosmetically; a new look is needed 3. A name change and concept are in order 4. Bring the patio back to the gem it was 5. Proper marketing

Reason for Selling:

other business interest. Kindly ask the seller for more information.

Additional Details:

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