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    118 Grand Ave New Haven, CT 06513

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    For Lease
    $2,900 /Mo ($17 SF/Yr)

    2,000 SF retail space in New Haven for rent.

    Property size:
    2,000 SF
    Lot size:
    0.49 Acres

    Property Features for 118 Grand Ave

    General Information

    Size
    2,000 SF
    Lot size
    0.49 Acres

    Source: The Geenty Group Agent Kristin Geenty

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

    Overview

    Retail Space on Grand Avenue

    This 2,000 SF retail space is located in a multi-tenant strip center on Grand Avenue in New Haven. The location benefits from high foot traffic, public transportation, and a car count of 6,600 cars per day. The property features an open floor plan and two lavatories. A full basement provides additional storage. The space is currently configured as a tavern but may be converted to retail or office/retail use. Other tenants in the strip center include a Chinese restaurant, a pizzeria, and a tobacconist. The property is surrounded by many other businesses, stores, shops, restaurants, and services.
    Insight Report Location Intelligence

    Current Use by Public Records

    Smoke Shop Smoke Shop Pizza Plus Pizza Restaurant

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market 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
    -72.8918652
    Latitude
    41.308961

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    FAQs

    What type of property is this?
    Retail space - 2,000 SF retail space in New Haven for rent.
    Where is this retail space located?
    The property is located at 118 Grand Ave New Haven, CT.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    What are key features of this property?
    This property features: - High-profile location on busy Grand Avenue with 6,600 cars/day and high foot traffic.; - 2,000 SF of retail space suitable for retail or office/retail conversion.; - Located in a multi-tenant strip center with established businesses (Chinese restaurant, pizzeria, tobacconist).
    (203) 488-1005
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    118 Grand Ave New Haven, CT 06513
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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
    118 Grand Ave New Haven, CT 06513
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