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    1500 Whalley Ave New Haven, CT 06515

    For Sale
    $425,000

    Restaurant property in a prime New Haven location for sale.

    Property size:
    4,628 SF
    Lot size:
    0.52 Acres

    Property Features for 1500 Whalley Ave

    General Information

    Size
    4,628 SF
    Lot size
    0.52 Acres

    Source: Godin Property Brokers Agent Michael Grieder

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

    Overview

    New Haven Restaurant For Sale

    This 4,628 square foot property is a local restaurant situated at a prominent intersection in New Haven, located between State Route 63 and Route 69. The property is available for purchase and presents an ideal redevelopment opportunity.
    Insight Report Location Intelligence

    Current Use by Public Records

    Carmine's Tuscan Grill Italian Restaurant Carmines di Vega Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    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
    -72.9770044
    Latitude
    41.3357713

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    FAQs

    What type of property is this?
    Restaurant - Restaurant property in a prime New Haven location for sale.
    Where is this restaurant located?
    The property is located at 1500 Whalley Ave New Haven, CT.
    What is the asking price?
    The asking price for this property is $425,000.
    What are key features of this property?
    This property features: - Famous local restaurant; - Best location & intersection in New Haven; - Ideal redevelopment site
    (203) 577-2277
    Request Owner's contact information
    1500 Whalley Ave New Haven, CT 06515
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    New Haven, CT 06515
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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
    1500 Whalley Ave New Haven, CT 06515
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