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    500 Blake St New Haven, CT 06515

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    For Lease
    $24 SF/Yr

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

    Property size:
    143,148 SF
    Lot size:
    2.33 Acres

    Property Features for 500 Blake St

    General Information

    Standard status
    Active
    Size
    143,148 SF
    Lot size
    2.33 Acres

    Building Details

    Year built
    2021

    Source: Century 21 AllPoints Realty Agent LISA COZZI

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Westville Retail Space For Lease

    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.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Keepsake Video Wedding Service

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Haven
    County
    New Haven
    State
    Connecticut
    Longitude
    -72.9595794
    Latitude
    41.3276127

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    FAQs

    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 St 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.
    (860) 263-2121
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    500 Blake St New Haven, CT 06515
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