882 Whalley Ave New Haven, CT 06515-1791

Property Details for 882 Whalley Ave

Lot size

0.23 lot acres

Zone code

BA

Property type

Commercial land

APN

NHVN M:388 B:1141 L:00700

APU

NHVNM388B1141L00700

Description

This exceptional 5,000 square foot commercial land parcel in New Haven, Connecticut, presents a unique investment opportunity. Located at 882 Whalley Avenue, in the vibrant Westville Village neighborhood, this property boasts pre-approved plans for a significant development project. Approved plans include 22 dwelling units and an 180-seat restaurant with a full liquor license. Variances are in place for 10 on-site and 14 shared parking spaces, extending approvals until May 16, 2028. Completed Phase 1 & 2 Environmental Studies (33 Fountain Street) are included, providing due diligence for potential buyers. The ground floor's 5,000 square feet offers flexibility for alternative commercial uses, subject to necessary approvals. This prime location benefits from high traffic flow on Whalley Avenue and proximity to the Westville Village Historic District, with its numerous shops, restaurants, and cultural attractions. Furthermore, its location just two blocks from the 500 Blake Street development (129 residential units and 7,000+ square feet of commercial space) underscores the area's robust growth potential. The asking price for this exceptional property is $899,000. This is a rare chance to capitalize on a prime location poised for continued expansion in a thriving New Haven neighborhood.