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Westville Retail Space For Lease
For Lease
$24 SF/Yr

500 Blake Street, New Haven, CT 06515

Prime retail spaces in New Haven's vibrant Westville neighborhood.

Space SizeContact for details
Lot Size2.33 Acres
Days on Market508

Property Features for 500 Blake Street

General Information

Standard status Active
Lot size 2.33 Acres
Property subtype Commercial

Amenities

Central air
Central Air Cooling
Flat Roof
Hot Air Heating
Tar/Gravel Roof

Building Details

Year Built 2021
Listing Agency: Century 21 AllPoints Realty
Listed By: LISA COZZI · License #REB.0789668
Source: Corcoran
Added: Apr 24, 2025 Changed: Sep 9 Last Checked: Sep 12 at 6:58AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century 21 AllPoints Realty

Investment Insights

Based on property information with market context.

Located in Westville, a walkable neighborhood known for its culture and commercial scene, are two retail storefronts available for lease. The location is near art galleries, cafes, shops and salons. The property is situated beneath 129 new luxury apartments scheduled for completion in early 2025. One available space is 3,700 square feet with views of the river and East Rock, and potential for outdoor dining. The second space offers 3,200 square feet with a flexible layout. The intended use of the property can be for a restaurant, fitness studio, spa, market, or financial institution. The lease rate is $24 per square foot.

Key Highlights

  • Prime location in Westville, a highly desirable and walkable New Haven neighborhood.
  • Directly beneath 129 new luxury apartments, ensuring built‑in foot traffic upon completion in early 2025.
  • Competitive lease rate of $24 per square foot in a high‑demand area.

Property Analytics

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Current Use

Keepsake Video Wedding Service

Suggested Use

Top Pick Real Estate Agency Dental Office Skin Care Clinic Auto Parts Store HVAC Service Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$3.60 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

762
Businesses Nearby
52k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 68% Shops & Services 32%
McDonald's Dining
23,591 visits/mo 0.4 miles
Dunkin' Donuts Dining
12,245 visits/mo 0.3 miles
Exxon Shops & Services
8,921 visits/mo 0.2 miles
Citgo Shops & Services
4,667 visits/mo 0.1 miles
Webster Bank Shops & Services
3,012 visits/mo 0.0 miles

Demographics for 06515, CT

17,877
Population
7,531
Households
2.4
Avg Household Size
33
Median Age
48%
College-Educated
91%
High-School Grad
4.6 sq mi
ZIP Area
3,886
Density / Sq Mi
$74,044
Median Household Income
$40,209
Median Earnings
$1,410
Median Rent
$284,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for New Haven, CT

$17.94 /SF/Yr
Avg Asking Price
$2.07–$34 /SF/Yr
Price Range
8,860 SF
Avg Space Size

This space is priced 34% above the average of $17.94 /SF/Yr.

Vacancy Rate% for Retail in New Haven, CT

8.5% 2020
7.6% 2021
6.9% 2022
8.4% 2023
9.2% 2024
9.2% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Prime retail spaces in New Haven's vibrant Westville neighborhood.
Where is this retail space located?
The property is located at 500 Blake Street New Haven, CT.
What is the lease rate?
The lease rate is $24 SF/Yr.
What are key features of this property?
This property features: Prime location in Westville, a highly desirable and walkable New Haven neighborhood.; Directly beneath 129 new luxury apartments, ensuring built‑in foot traffic upon completion in early 2025.; Competitive lease rate of $24 per square foot in a high‑demand area.
More about this property
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