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    OFF-MARKET
    Retail properties & Spaces

    1451 Whalley Ave, New Haven, CT 06515

    36,505 SF 5.5 ac lot Built 1996
    Property ID
    Property summary
    AI-generated overview

    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 profile
    Verified
    Property type Retail properties & Spaces
    Year built 1996
    Total area 36,505 SF
    Lot 5.5 ac (239,580 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Kari Restaurant Restaurant
    • tk plus (Bike/Boat/Book/etc) Store Alternative Medicine Practice
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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