2348 Whitney AveHamden, CT 06518

This exceptional investment opportunity presents a 11,800 square foot, two-story shopping center located at 2348 Whitney Ave, Hamden, CT 06518. The property, known as Town Hall Plaza Hamden, boasts a prime location at the corner of Whitney Avenue and Dixwell Avenue, ensuring high visibility and traffic flow. Currently housing 13 tenants (7 retail and 6 office spaces), this multi-tenant building offers a diverse income stream. Built in 1940, the single building sits on a 0.99-acre lot and features ample parking behind the structure. The property is zoned T5, allowing for significant future development potential, with the possibility of expanding to a seven-story mixed-use building, per the Hamden Town Hall zoning department. The asking price is $1,990,000, translating to $168.64 per square foot. Its strategic location near Hamden Town Hall, police and fire stations, Route 15, and prominent universities (Yale, Southern Connecticut State University, and University of New Haven) further enhances its appeal and potential for growth. This is a rare opportunity to acquire a well-established retail center with substantial upside in a thriving Connecticut market. The modified lease structure provides flexibility and potential for increased revenue.