**Location, Location, Location!** Welcome to 821 State Street in New Haven, an exceptional opportunity that has not been offered to the market in nearly a century. 821 State Street, along with 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 used as a funeral home. This versatile space could be repurposed for commercial use or potential residential conversion (buyer due diligence). 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 offer excellent income potential. The property boasts beautiful 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. Additionally, the property includes a highly valuable adjacent parking lot that measures 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.