For Sale
$1,999,900

1700 Dixwell AveHamden, CT 06514

High-Yield Retail Portfolio, 100% Occupancy

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a fully leased, three-building retail shopping center located at 1700 Dixwell Ave, Hamden, CT 06514. The property encompasses 10,987 square feet, divided into 14 individual rental units across three single-story buildings, all built in 1988 and renovated in 2020. Currently operating at 100% occupancy, this stabilized investment boasts a strong net operating income (NOI) of $191,395, translating to an attractive 9.57% capitalization rate. The property benefits from a prime location with high visibility, evidenced by a daily traffic count of 31,300 vehicles, and is situated across from Advance Auto and U-Haul, ensuring consistent foot traffic. Ample parking is available, further enhancing the appeal for both tenants and customers. A newly installed pylon sign increases visibility and brand recognition. The property is zoned T4 and features association-managed common areas, simplifying ownership and maintenance. The sale includes only the commercial condo units; upstairs residential units are excluded. This turnkey investment offers a stable income stream and significant potential for future growth in a thriving market. The asking price is $1,999,900, representing a price per square foot of $182.02. This is a rare opportunity to acquire a high-performing retail property with a proven track record of success.

Highlights

  • Fully leased, stabilized retail investment property.
  • Upstairs residential units excluded from sale.
  • $191,395 Net Operating Income (NOI).
  • Association-managed common areas.
  • 9.5% capitalization rate.
  • 10,987 square feet of retail space across three buildings.

Property Details for 1700 Dixwell Ave

Property type
Lifestyle centers, Power centers
Square Feet
10,987 SF
Year Built/Renovated
1988/2020
Buildings
3
Stories
1
Units
14

Location Insight

City
Hamden
County
New Haven
State
Connecticut
Latitude
41.3587367
Longitude
-72.927001
1700 Dixwell Ave, Hamden, Connecticut

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1700 Dixwell Ave
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