881 - 883 Whalley Avenue, New Haven, CT 06515

The Ballou Team is pleased to exclusively present the offering of 881–883 Whalley Avenue, a fully leased, two-building mixed-use commercial portfolio located in the highly sought-after Westville Village neighborhood of New Haven, Connecticut.

Strategically positioned at the signalized corner of Whalley Avenue and Central Avenue, this two-property portfolio comprises six commercial tenants. With a 100% occupancy rate and a net operating income of approximately $215,906, the asset offers immediate cash flow supported by a diverse, service-oriented tenant mix, including Westville Dental, Delaney’s, and Elixir Cafe.

Set on a combined 1.79-acre lot, the properties benefit from strong foot traffic, ample street visibility, and proximity to major institutions such as Yale University, Southern Connecticut State University, and downtown New Haven. The Westville area continues to emerge as a creative and entrepreneurial hub, attracting tenants and growing consumer demand.

One notable upside includes Vision Celestial, a newly signed tenant currently operating at below-market rent, offering an opportunity for future revenue growth. Located in a General Business (BA) zoning district, this offering presents an ideal opportunity for both stable income and long-term value-add potential in one of New Haven’s most vibrant submarkets.