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    1451 Whalley Ave New Haven, CT 06515

    Sponsored
    For Lease
    $18 SF/Yr

    Multi-Tenant Retail Space Available

    Lot size:
    36,505 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    Whalley Commons offers a prime retail opportunity in a thriving location at the intersection of Amity Road and Litchfield Turnpike. This multi-tenant property comprises three single-story buildings totaling 36,505 square feet on a 5.5-acre lot, built in 1996. The property currently houses a diverse mix of tenants, including a post office and several medical offices (ophthalmology, orthopedics, blood draw, and general medical). A significant portion of the space, approximately 13,900 square feet, will become available on January 1, 2025, following the departure of a Walgreens. Currently, 2,000 square feet of retail space is immediately available, offering flexible options ranging from 2,000 to 13,900 contiguous square feet. The available space features attractive finishes including new flooring, a renovated bathroom, and a drop ceiling. It was previously occupied by a smoke shop. The property boasts ample parking with 180 spaces and benefits from three-phase power. The property is comprised of eight total suites. Annual property taxes are $4.40 per square foot. This location presents a unique opportunity for businesses seeking high visibility and convenient access. The diverse tenant mix creates a vibrant atmosphere, attracting a wide range of customers.

    Property Features for 1451 Whalley Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    36,505 SF
    Total Rate
    54757.5

    Building Details

    Year Built
    1996
    Buildings
    3
    Stories
    1

    Unit(s) available at that property

    Space
    TK Plus
    Size
    2,000 SF
    Rate per SF
    $18

    HighLights

    • Retail property totaling 36,505 square feet.
    • Multiple tenancy with 8 suites, offering spaces from 2,000 to 13,900 contiguous square feet.
    • Currently 2,000 square feet of vacant space available.
    • Situated on a 5.5‑acre lot with 180 parking spaces.
    • Three single‑story buildings constructed in 1996, featuring 3‑phase power.
    • Located near Amity Road and Litchfield Turnpike, with a tax rate of $4.40 per square foot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Kari Restaurant Restaurant tk plus Vaporizer Store

    Suggested Use

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

    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
    -72.975587194643
    Latitude
    41.333870077601

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    FAQs

    What type of property is this?
    Retail property - Multi-Tenant Retail Space Available
    Where is this retail property located?
    The property is located at 1451 Whalley Ave New Haven, CT.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: Retail property totaling 36,505 square feet.; Multiple tenancy with 8 suites, offering spaces from 2,000 to 13,900 contiguous square feet.; Currently 2,000 square feet of vacant space available.
    Request Owner's contact information
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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
    1451 Whalley Ave New Haven, CT 06515
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